Employer Update

VRS maintains employer rate information and GASB-related reporting resources in various places across its websites.

View Current Contribution Rates

On its employer website, VRS maintains tables with current employer contribution rates for statewide and teacher retirement plans as well as other post-employment benefit (OPEB) plans.

Political Subdivision Employers Access Rate Information and Valuations in myVRS Navigator

Easily access and download your most recent actuarial valuations, rate letters, and GASB 68 and 75 reports from myVRS Navigator.

1. Log in to myVRS Navigator.

NOTE You may need to coordinate with others in your organization who have access to myVRS Navigator to download the valuation reports.

2. Click on the Reports drop-down menu heading.

3. Scroll to and click on Generated Report.

4. From there, you can further refine your results by typing your five-digit employer code in the Report Name field. This will narrow your results to all VRS-provided financial reports, including your GASB 68 and 75 (if applicable).

Access GASB Data for Year-End Financial Reporting

Look to the financial reporting page of the VRS employer website for resources to help you prepare the pension and VRS-administered other post-employment benefit (OPEB) plan components of your annual financial statements in accordance with the Governmental Accounting Standards Board (GASB).

You’ll find the following resources to help you prepare financial statements:

• Audit reports for the pension and OPEB plans.
• Sample journal entries for pension and OPEB plans.
• Sample note disclosures for pension and OPEB plans.
• Analysis of changes in the net pension or net OPEB liability.
• Covered payroll and contributions for pension and OPEB plans.