December 2022 Featured Articles

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Actuarial Review: Political Subdivision Plans’ Funded Status Increased in FY2022

The overall funded status of the 598 VRS-participating political subdivisions remains strong, according to 2022 informational...

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Here’s a Quick Review of Online Retirement

Employees who are preparing to retire may have questions about online retirement, a convenient service available to many member...

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Countdown Underway for Hybrid Plan Auto-Escalation

Hybrid Retirement Plan auto-escalation will take place in January 2023, effective with the first payroll that month. Automatic...

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December 2022 Articles

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Announcements

December 2022

VRS honored for excellence in financial reporting: The Virginia Retirement System has received awards for its Annual Comprehen...

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Your Turn to Ask

December 2022

What types of pay should be excluded from creditable compensation reported to VRS?

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Here’s a Quick Review of Online Retirement

December 2022

Employees who are preparing to retire may have questions about online retirement, a convenient service available to many member...

An image of several rectangles with ascending heights indicating a bar graph.

Actuarial Review: Political Subdivision Plans’ Funded Status Increased in FY2022

December 2022

The overall funded status of the 598 VRS-participating political subdivisions remains strong, according to 2022 informational...

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LODA Fund Premiums Set to Increase in FY 2024

December 2022

At its November meeting, the VRS Board of Trustees approved an increase to the premium for the Line of Duty Death and Health...

A line drawing of an envelope with the at sign on it indicating email and a padlock over that indicating security. To the left of the drawing is text which reads send info securely with one click.

Countdown Underway for Hybrid Plan Auto-Escalation

December 2022

Hybrid Retirement Plan auto-escalation will take place in January 2023, effective with the first payroll that month. Automatic...

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Employees Leaving VLDP- or VSDP-Covered Positions Can Continue Long Term Care Coverage at Group Rates

December 2022

About 70% of those turning age 65 today will need some type of long-term care, according to the U.S. Department of Health and H...

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Streamline Employee Orientation With the VRS Member Guide

December 2022

Looking for the best way to bring employees up to speed on VRS? The VRS Member Guide is one of our most-requested member public...

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IRS Increases Deferred Compensation Contribution Limits for 2023

December 2022

The Internal Revenue Service announced that the dollar amounts participants may contribute to tax-deferred savings plans, such ...

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Certified Financial Planning Services Available for Members and Retirees

December 2022

VRS members have access to Certified Financial Planning services provided through MissionSquare Retirement, the third-party rec...

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