Category: Hybrid Retirement Plan

photo of a hand placing money into a piggy bank next to text reading contribution deadline.

December 16 Is Deadline for Voluntary Contribution Changes

December 2024

December 16 is also the last day for members to make contribution changes before the transition to Voya.

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Announcements

October 2024

VRS Phone Menu Changes; New Counseling Center Location; CEM Benchmarking Results; Hybrid 401(a) Forfeiture Balances

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Your Turn to Ask

October 2024

We offer a cash match to employees in our local 457 plan. Are Hybrid Retirement Plan members eligible to participate?

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Your Turn to Ask

September 2024

When switching jobs between VRS-participating employers, do hybrid plan members need to re-elect their voluntary contributions?

On the left, a teacher points to her white board which flows into text on the right which reads News to Know.

Announcements

September 2024

Voya Transition Meetings; Hybrid Retirement Plan Administration; Member Benefit Profiles; Reporting DCP Errors

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Key Reminders About Hybrid Retirement Plan Rate Separation

August 2024

Need help with new hybrid plan administration changes? Register for one of our upcoming virtual help sessions.

Two halves of a sphere that has cracked jaggedly through the middle. On the left half is text saying defined benefit, and on the right is text reading defined contribution.

Two Components of Hybrid Retirement Plan Now Managed Separately

July 2024

You now administer the defined contribution and defined benefit portions of the plan as separate and independent components.

a man stands on the right looking at the viewer while pointing behind himself with his thumb over his shoulder. A classroom chalkboard is behind him upon which is written Deadline June 17.

June 17 Is the Next Deadline for Voluntary Contribution Changes

June 2024

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

text saying Legislative Changes with a simplified graphic of the Virginia Capitol building to the right.

Changes in Store for FY 2025 - What You Need to Know

June 2024

A new fiscal year brings new legislation, changes in retiree COLAs and important updates to VRS resources and websites.