Category: Contributions

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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 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.

Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.

New Resource Will Help You Navigate Changes to Hybrid Plan Administration

July 2023

A new resource will walk you through changes in how employer contributions will be calculated and paid for the hybrid plan.

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Prepare for Important Changes in Hybrid Plan Administration

June 2023

VRS will simplify how employer contributions are calculated and paid for the Hybrid Retirement Plan.

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June 15 Is the Next Deadline for Employees to Boost Retirement Savings

June 2023

Encourage employees to save to the match by maxing out their voluntary contributions.

Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.

Your Chance to Learn More About Separation of Hybrid Plan Employer Rates

May 2023

Attend an info session about how separation of hybrid plan rates will impact your payroll process.

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Start Planning for Separation of Hybrid Plan Employer Rates in 2024

April 2023

VRS will simplify how Hybrid Retirement Plan contributions are calculated and paid, beginning July 1, 2024.

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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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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...