July 2024 Featured Articles

Two halves of a sphere that has cracked jaggedly through the middle. On the left half is text saying defined benefit, and on the right is text reading defined contribution.

Two Components of Hybrid Retirement Plan Now Managed Separately

You now administer the defined contribution and defined benefit portions of the plan as separate and independent components.

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Two people camping in a tent on top of a mountain at sunset above the clouds. Text to their right saying stay on top of them. Into the side of the mountain is carved the words fiscal year-end tasks.

Update Contracts for New Fiscal Year in myVRS Navigator

Get a quick rundown of time-sensitive processing tasks for July to ensure a smooth transition to FY2025.

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The DCP logo next to a ghosted image of the current form used for corrections with text saying Corrections Policy overtop of it.

DCP Correction Forms No Longer Needed for Errors $50 and Less

You may be able to make corrections through payroll for errors that fall under the $50 threshold.

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a hand holding up a roll of cash next to text that says save the raise

Four Tools to Help Employees ‘Save the Raise’ This Summer

Many employees will see a bump in pay this summer. Saving part of their raises now can mean having more cash in retirement.

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July 2024 Articles

On the left, a teacher points to her white board which flows into text on the right which reads News to Know.

Announcements

July 2024

New Legislation; Record Keeper Transition; Counseling Center Move; VRS Training

Two people camping in a tent on top of a mountain at sunset above the clouds. Text to their right saying stay on top of them. Into the side of the mountain is carved the words fiscal year-end tasks.

Update Contracts for New Fiscal Year in myVRS Navigator

July 2024

Get a quick rundown of time-sensitive processing tasks for July to ensure a smooth transition to FY2025.

Two halves of a sphere that has cracked jaggedly through the middle. On the left half is text saying defined benefit, and on the right is text reading defined contribution.

Two Components of Hybrid Retirement Plan Now Managed Separately

July 2024

You now administer the defined contribution and defined benefit portions of the plan as separate and independent components.

The DCP logo next to a ghosted image of the current form used for corrections with text saying Corrections Policy overtop of it.

DCP Correction Forms No Longer Needed for Errors $50 and Less

July 2024

You may be able to make corrections through payroll for errors that fall under the $50 threshold.

an official looking seal with text on it saying VRS Audit Ready followed by headline text reading GASB data

GASB Data Coming Soon for Your Annual Financial Reports

July 2024

VRS will provide resources to help you prepare annual financial statements for the fiscal year that ended June 30.

a hand holding up a roll of cash next to text that says save the raise

Four Tools to Help Employees ‘Save the Raise’ This Summer

July 2024

Many employees will see a bump in pay this summer. Saving part of their raises now can mean having more cash in retirement.

A man and woman in military garb stand on either side of a brick wall onto which is projected a slide with text saying reporting employees called to active duty military service.

Navigating USERRA: Know the Steps for Reporting Employees on Military Leave

July 2024

Take the proper reporting steps to ensure an employee’s USERRA benefits are correctly applied.

An older man wearing glasses and a sweatshirt lies on a couch holding a cellphone above himself with both hands.

Online Retirement Is the Easiest Option for Many Members

July 2024

The process only takes about 30 minutes to complete. Members will receive step-by-step guidance at key decision points.

a man pointing at the viewer next to text saying your turn to ask

Your Turn to Ask

July 2024

How soon should new employees register for a myVRS account?

Announcements
Financial Reporting
Employer Training
Member Education
Forms
Your Turn to Ask
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