Category: Defined Contribution Plan

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Announcements

June 2023

Learn more about account security changes, training opportunities and DCP counseling for retired or separated employees.

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Employees Can Protect Loved Ones Now by Naming Beneficiaries

June 2023

myVRS makes it easy for employees to update beneficiary information for their pension and group life insurance.

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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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Secure 2.0 Act Brings Changes to Retirement Plan Administration

April 2023

One big change under the Secure Act 2.0 is an increase in the required minimum distribution age from 72 to 73.

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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.