Category: 457 Plan

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 woman holds a nest with eggs in both her hands. To the left is text which reads keep funds with VRS.

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.

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

Announcements

November 2023

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

text reading five ways to build a better future

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.

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

Announcements

September 2023

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

A flat single-color graphic of the United States Capitol building dome is on the right with large text saying Secure 2 point oh act on the left.

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.

A flat single-color graphic of the United States Capitol building dome is on the right with large text saying Secure 2 point oh act on the left.

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.

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

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.

A man smiles and points his finger at the viewer on the left. On the right is text which reads your turn to ask.

Your Turn to Ask

March 2023

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