Category: Political Subdivisions

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Actuarial Valuations: Political Subdivision Plans’ Funded Status Held Steady in FY 2024

December 2024

The aggregate funded status for all plans rose to 89% as of June 30, up a percentage point from the previous year.

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Download Political Subdivision Valuations and Rate Letters From myVRS Navigator

February 2024

To help with budget preparation, easily access and download your actuarial valuations and rate letters from myVRS Navigator.

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Three Common Errors to Avoid When Scheduling Contribution Payments

February 2024

Make sure you submit contributions accurately and on time so funds are invested for your employees’ benefit.

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Political Subdivision Valuations Include New Contribution Rates

January 2024

Political Subdivisions can access 2023 actuarial valuation reports online in myVRS Navigator.

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VRS Sets Rates for Localities, VLDP and Line of Duty Act

December 2023

Overall, the defined benefit rate will increase less than 1% for most political subdivision employers based on 2023 valuations.

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Informational Actuarial Valuations Help With Budgeting

March 2023

Informational valuations provide key information about your plan’s funded status and emerging trends in contribution rates.

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Announcements

February 2023

Informational actuarial valuations are coming soon for political subdivisions.

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Informational Actuarial Valuations Coming Soon for Political Subdivisions

January 2023

VRS will provide informational actuarial valuations for pensions and the health insurance credit to participating political sub...

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Actuarial Review: Political Subdivision Plans’ Funded Status Increased in FY2022

December 2022

The overall funded status of the 598 VRS-participating political subdivisions remains strong, according to 2022 informational...