Employer Update

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.

Hybrid Plan Members Can Now Make Monthly Contribution Elections

Hybrid Retirement Plan members can now set or change their voluntary contribution election percentages monthly by logging into their DCP Accounts. Before this year, members could only make contribution changes quarterly. Changes must be made by 4 p.m. on the last business day of the month to take effect the following month.

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 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.