Category: 457 Plan

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Retiring or Separating Employees May Keep Money With VRS

February 2024

As employees retire or leave their jobs, it's important for them to make well-informed decisions about their future savings.

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Announcements

November 2023

Line of Duty Act Training; Defined Contribution Plans Corrections; Employer Training

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Five Ways Employees Can Build a More Secure Future

September 2023

VRS offers resources and tools to help members learn more about their retirement benefits and savings options.

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Announcements

September 2023

Sign up for VRS training; self-directed brokerage accounts moving to Schwab.

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Update: Age-Based Catchup Contributions Cleared for 2024

September 2023

IRS provides more time for plan sponsors to implement change in how 50+ Catch-Up contributions are processed.

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Secure 2.0: VRS To Pause 457 Age-Based Catchup Contributions

August 2023

VRS will temporarily pause the 50+ Catch-Up provision for all participants in the Commonwealth of Virginia 457 Plan in 2024.

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How to Boost Retirement Income? Encourage Employees to Save the Raise

July 2023

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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Your Turn to Ask

March 2023

Are rollovers allowed to the defined contribution component of the Hybrid Retirement Plan?

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How to Avoid Common Errors When Scheduling Payments for Defined Contribution Plans

February 2023

Submitting contributions in a timely manner ensures funds are invested for the member’s benefit.