Employer Update

Meet Line of Duty Act Training Requirements

Employers are required by law to train Line of Duty Act-eligible employees on these benefits and to provide guidance on applying for benefits. The first training must happen within 30 days of the employee’s hire date and then every two years thereafter.

The LODA Overview for Participants presentation satisfies this training requirement. You can direct employees to the LODA website to watch the recorded presentation or you can play it for a group of employees.

Encourage employees to explore the LODA website, which includes:

• Information on eligibility and benefits.
• How to Apply for LODA Benefits online tutorial, with step-by-step instructions on filing a claim.
• LODA Participant Guide.

Correction Policies Revised for Some Defined Contribution Plans

VRS has updated its policies for handling employer corrections to the following plans:

• Commonwealth of Virginia 457 Deferred Compensation Plan
• Virginia Cash Match Plan 401 (a)
• Optional Retirement Plans

The updated correction policies took effect October 1 and are available on the Payroll page of the Defined Contribution Plans Resource Center for Employers.

Corrections to these plans will follow the new correction policies for all Request for Mistake-of-Fact Review forms received on or after October 1.

Get the VRS Training You Need

Take advantage of the following webinars to increase your knowledge:

• Introduction to VRS, next offered in December (session includes four classes).
• Retirement Payout Options, November 29, 2-3 p.m.

Check out the VRS Training Academy for course descriptions and additional training opportunities.