Employer Update

Payroll Reminders From Voya

Working with employers to ensure timely posting of payroll contributions remains a top priority for Voya, the new VRS DCP record keeper. Instructions on submitting payments are available in the Payroll section of DCP Resource Center for VRS Employers. There you’ll find the steps for updating payroll deferrals, processing contributions and making payments. Contact the Voya DCP Employer Support Center at 844-570-1482 for further assistance.

Get Training on VRS Topics

Whether you’re new in your role or have been in your position for a few years, the VRS Training Academy includes everything from benefits administration topics to step-by-step instructions for using myVRS Navigator. Your current experience level and position will guide which courses you should take.

Voya offers training and resources for VRS Defined Contribution Plan administration, including SponsorWeb.

And if you are new to your role as a VRS benefits administrator, contact our Employer Relationship Manager Team for additional information and support.

How to Adopt the Commonwealth of Virginia 457 Plan

Political subdivision and school division employers looking to ease their administrative burdens and provide employees with more savings opportunities may want to consider adopting the Commonwealth of Virginia 457 Deferred Compensation Plan.

Your organization becomes a participating employer effective within approximately 60 to 90 days after your governing body passes an adoption resolution. Transitioning any existing 457 plan to the Commonwealth of Virginia 457 Plan generally takes 90 to 120 days.

Streamline Employee Orientation

The VRS Member Guide makes it easier for you to counsel and guide new employees on their benefits. This quick-reference booklet describes each VRS plan, principal benefits and how to contact VRS. Order your copies today.