Category: Creditable Compensation Your Turn to Ask February 2024 Should an employee's additional duties as an acting administrator be reported as creditable compensation? Three Tips to Help Members Weigh Options for Buying Back Service November 2023 Members might want to purchase prior service to increase their retirement benefits or help them to retire sooner. Your Turn to Ask April 2023 What types of payments are excluded from VRS creditable compensation calculations? Your Turn to Ask December 2022 What types of pay should be excluded from creditable compensation reported to VRS? IRS Increases Some Contribution Limits for 2022 December 2021 The Internal Revenue Service announced that the dollar amounts participants may contribute to tax-deferred savings plans, such... Report Creditable Compensation With Ease: Use the Job Aid and Checklist June 2021 VRS uses creditable compensation and service credit to calculate retirement benefits. Creditable compensation is the member's...