Employer Update

What Steps Should I Take in myVRS Navigator to Start the Fiscal Year?

Take note of key processes employers need to perform in myVRS Navigator as the new fiscal year gets underway.

Report Salary Changes to VRS: If you have initiated salary changes in your payroll system at the start of the fiscal year, report the salary increases or decreases to VRS. This step will ensure contributions you collect are correctly posted to member accounts.

Update Records for Contractual Employees: If you have not updated your employees’ contract start dates for the new fiscal year, myVRS Navigator will advance the dates automatically by one year, 11 business days after the last monthly snapshot is confirmed.

Certifying Retirements in myVRS Navigator? Keep these important process steps in mind.

• Pending certifications: VRS will send a secure message to the Person Account Processor, Employment Processor and Security Administrator about retirements awaiting certification. Any of these roles can confirm the retirement.
• Payments required before separations: Do not separate the member until VRS receives final payment for the purchase of service and any sick leave or disability credit conversions are complete. Payment must be received by VRS on or before the member’s last day of employment.
• Late-arriving retirement notices: If a pending retirement notice for the previous month arrives after you’ve generated your monthly snapshot, be sure to certify the retirement and separate the member by month’s end.