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. Commonwealth of Virginia 457 Plan

Employer Update

Category: Commonwealth of Virginia 457 Plan

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

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.

On the left side of this image, a young woman is seated at a desk resting her chin on her hand. She is smiling at the viewer. A computer is on the desk in front of her. TO the right of her is text which reads you can reduce errors.

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.

    << < 1 2
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.