Category: Commonwealth of Virginia 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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IRS Sets 2024 Contribution Limits

December 2023

The IRS increased limits for how much participants can contribute to tax-deferred savings plans for tax year 2024.

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Announcements

November 2023

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

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

Announcements

October 2023

FY 2023 Investment Return; GASB Resources; Age-Based Catch-Up Contributions; Employer Training

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.

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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.

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IRS Increases Deferred Compensation Contribution Limits for 2023

December 2022

The Internal Revenue Service announced that the dollar amounts participants may contribute to tax-deferred savings plans, such ...