Category: Defined Contribution Plan

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Correction Policies Changing for Some Defined Contribution Plans

September 2023

Accurate employer reporting is essential to ensuring contributions are invested timely and according to IRS requirements.

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Announcements

September 2023

Sign up for VRS training; self-directed brokerage accounts moving to Schwab.

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Sync Your Calendars With VRS Defined Contribution Plans

September 2023

Changes coming to defined contribution will improve services for members and streamline administration for employers.

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Announcements

August 2023

GASB data is coming soon; VRS selects Voya as its new DCP record keeper; myVRS Navigator security reviews underway.

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Your Turn to Ask

August 2023

What should I know about coming changes to how Hybrid Retirement Plan contributions are calculated and paid?

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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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VRS Selects New Record Keeper for Defined Contribution Plans

July 2023

After an expected 18-month transition period, Voya will assume record-keeping duties for VRS defined contribution plans.

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Planning Ahead for SECURE 2.0

July 2023

VRS is reviewing how new federal legislation may affect payroll processes, business rules and overall plan administration.

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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.