Employer Update

Resolutions due November 1 for school divisions electing employer-sponsored 403(b) plans: Each year, school boards may elect to allow or not allow eligible Hybrid Retirement Plan members to direct voluntary contributions to an employer-sponsored 403(b) plan instead of the Hybrid 457 Deferred Compensation Plan. If you have questions about the election process, or to request a copy of the resolution, please contact ZaeAnne Allen, employer coverage coordinator, at zallen@varetire.org or 804-775-3514.

Find updated Canceled Records Report in myVRS Navigator: The state has switched its financial reporting system and will gradually phase out PMIS. If you’re looking for the PMIS Canceled Records Report in the myVRS Navigator Report Repository, be advised this report’s name has been changed to ER Centralized State Systems – Canceled Records Report. State employers use this report to manually update member records as needed.

Are you new to administering VRS benefits? Let us know so our employer representative team can introduce themselves to you and point you to resources and training opportunities.