Employer Update

When switching jobs between VRS-participating employers, do Hybrid Retirement Plan members need to re-elect their voluntary contributions to the Hybrid 457 Deferred Compensation Plan?

Yes. Any employment separation that occurs in myVRS Navigator will result in MissionSquare Retirement changing the employee's voluntary contribution election to zero.

A separation made in error will also change the voluntary contribution to zero. To correct the voluntary contribution, contact VRS Hybrid Support at 855-291-2285.

The same holds true for employees who are switching jobs between agencies that participate in Commonwealth of Virginia 457 Deferred Compensation Plan. They also will need to re-elect contributions to that plan.

Employees may call MissionSquare Participant Services at 877-327-5261 (option 1) or log into Account Access to re-elect their contribution amounts.