Skip to main content
Virginia Retirement System for Employers
  • Employer Hub
    Back to Main Menu
    • Calculators
    • Contact VRS
    • Employer Manual
    • Employer Update
    • DCP Resource Site
    • Legislative Tracker
    • Member Benefit Profile ( MBP )
    • Order Publications
    • Hiring VRS Retirees
  • Training
  • Financial Reporting
    Back to Main Menu
    • Contribution Rates
    • Fiscal Year-End Reminders
    • VRS Guidelines and Resources: Pension
    • VRS Guidelines and Resources: OPEB
    • Actuarial Reports
  • Retirement Plans
    Back to Main Menu
    • Defined Benefit Plans
    • Plan 1
    • Plan 2
    • Hybrid & Defined Contribution Plans
    • Hybrid Retirement Plan
    • Defined Contribution Plans
  • Benefits
    Back to Main Menu
    • Benefit Payout Options
    • Death-in-Service
    • Disability
    • Hazardous Duty
    • Life Insurance
    • Line of Duty Act ( LODA )External Site Link
    • Long-Term Care
    • Military Leave
    • Purchase of Prior Service ( PPS )
    • Severance
  • Forms
  • Publications
Search
Voya Sponsor Web myVRS NavigatorNavigator
Virginia Retirement System for Employers
  • About
  • Careers
  • Newsroom
  • VRS Home
Voya Sponsor Web myVRS NavigatorNavigator
Virginia Retirement System VRS Website for Employers
  • Employer Hub
    Employer Hub

    Information central to help you administer VRS benefits.

    Visit The hub
    • Calculators
    • Contact VRS
    • Employer Manual
    • Employer Update
    • DCP Resource Site
    • Legislative Tracker
    • Member Benefit Profile ( MBP )
    • Order Publications
    • Hiring VRS Retirees
  • Training
  • Financial Reporting
    Financial Reporting

    Resources and links to assist with GASB and other financial reporting related to VRS-administered benefit plans, including fiscal year-end reminders.

    Visit Financial Reporting Home
    • Contribution Rates
    • Fiscal Year-End Reminders
    • VRS Guidelines and Resources: Pension
    • VRS Guidelines and Resources: OPEB
    • Actuarial Reports
  • Retirement Plans
    Retirement Plans

    Help members understand their VRS retirement plan provisions.

    View Plans
    • Defined Benefit Plans
    • Plan 1
    • Plan 2
    • Hybrid & Defined Contribution Plans
    • Hybrid Retirement Plan
    • Defined Contribution Plans
  • Benefits
    Benefits

    Help members understand their VRS retirement member benefits.

    View Benefits
    • Benefit Payout Options
    • Death-in-Service
    • Disability
    • Hazardous Duty
    • Life Insurance
    • Line of Duty Act ( LODA )External Site Link
    • Long-Term Care
    • Military Leave
    • Purchase of Prior Service ( PPS )
    • Severance
  • Forms
  • Publications
  •   
VRS Logo
  1. Employer Update
  2. Categories
  3. Deferred Compensation Plan

Employer Update

Category: Deferred Compensation Plan

A nest with three golden eggs in it next to text reading add more to your nest egg.

IRS Increases 2025 Limits for Tax-Deferred Saving

December 2024

The annual limit applies to hybrid voluntary contributions, other 457 plans and after-tax and pretax Roth contributions.

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 pair of hands holding two eggs that have retiement and nest eg written on them next to text which reading contribution limits

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.

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

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.

Read the latest issue of Employer Update,
curated content for VRS employers.
As a VRS employer, you're automatically subscribed!
Suggest an Article
  Suggest an Article for Employer Update
VRS Website for Employers logo

Counseling Center 888-827-3847

In-person appointments Tuesday & Wednesday.
6641 West Broad Street, Suite G-106
Richmond VA 23230
Mon - Fri, 8:30 a.m. – 4:00 p.m.

Map & Directions|Contact VRS

  • Employer Hub
  • Training
  • Financial Reporting
  • Plans
  • Benefits
  • Forms
  • Publications
  • Employer Home
  • Contact VRS
  • Glossary
  • Site Map
  • Web Policy
  • FOIA Request
  • Search
Voya Sponsor Web myVRS Navigator Navigator
  • About
  • Careers
  • Legislation
  • Newsroom
  • VRS Home
Virginia Retirement System logo Copyright2025Virginia Retirement System. All rights reserved.