Employer Update

Are rollovers allowed to the defined contribution component of the Hybrid Retirement Plan?

VRS members can roll over money into their Hybrid 457 Deferred Compensation Plan from other eligible plans, which include:

• 401(a) plan—other than the Hybrid 401(a) Cash Match Plan (they cannot roll over money from other plans to their hybrid 401(a) plan).
• 457(b) and 403(b) plans.
• Federal Thrift Savings Plan.
• Traditional Individual Retirement Account (IRA).

Members should log in through Account Access to download the Direct Rollover/Transfer Request form.

Note: The Hybrid 401(a) Cash Match Plan does not accept rollovers.