December 2023 Featured Articles Ready for Hybrid Rate Separation? Take These Steps NowNow is the time to update payroll systems, budget for defined contribution payments and address reconciliation issues.Learn More VRS Changes Encrypted Email Service ProviderStarting December 12, VRS will begin using Proofpoint Secure Mail for securely submitting forms and related documents.Learn More VRS Sets Rates for Localities, VLDP and Line of Duty ActOverall, the defined benefit rate will increase less than 1% for most political subdivision employers based on 2023 valuations.Learn More New Resource Will Help You Navigate DCP Record Keeper TransitionBookmark the new transition website to keep track of key dates and other need-to-know items.Learn More December 2023 Articles Announcements December 2023 Top Rankings for VRS; Defined Contribution Plans Corrections; Employer Training; myVRS Account Management Your Turn to Ask December 2023 Are local elected officials reported for benefits? VRS Sets Rates for Localities, VLDP and Line of Duty Act December 2023 Overall, the defined benefit rate will increase less than 1% for most political subdivision employers based on 2023 valuations. Don’t Wait: Alert Hybrid Plan Members of December 15 Voluntary Contribution Deadline December 2023 Hybrid plan members can contribute up to 4% each month and receive an employer match. IRS Sets 2024 Contribution Limits December 2023 The IRS increased limits for how much participants can contribute to tax-deferred savings plans for tax year 2024. Ready for Hybrid Rate Separation? Take These Steps Now December 2023 Now is the time to update payroll systems, budget for defined contribution payments and address reconciliation issues. New Resource Will Help You Navigate DCP Record Keeper Transition December 2023 Bookmark the new transition website to keep track of key dates and other need-to-know items. VRS Changes Encrypted Email Service Provider December 2023 Starting December 12, VRS will begin using Proofpoint Secure Mail for securely submitting forms and related documents. As Holidays Approach, Pass Along These Smart-Money Tips December 2023 Remind your employees of the tips they’ll find in myVRS Financial Wellness to carry them through the holiday season. Paycheck Calculator Helps Employees Visualize Their Savings December 2023 Our interactive member paycheck calculator puts employees in control when it comes to determining how much they want to save. Announcements Financial Reporting Employer Training Member Education Forms Your Turn to Ask
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