Category: Hybrid Retirement Plan Countdown to Hybrid Rate Separation: Are You on Track? May 2024 After July 1, you will no longer reconcile the defined contributions for hybrid plan members with your monthly VRS snapshot. How to Ensure You’re Fully Prepared for Hybrid Rate Separation April 2024 Monthly snapshots will change, so make sure you consider any impacts on your internal processing. March 15 Is Next Deadline for Hybrid Plan Members to Save More March 2024 Members who max out early in their careers will see their investment earnings compound over time. What Will Your Snapshots Look Like After Hybrid Rate Separation? March 2024 Starting this month, VRS will provide Snapshot Comparison reports previewing how your snapshot will look after rate separation. Snapshot Comparison Tool Will Help You Prepare for Rate Separation February 2024 Use these new reports to help visualize how your snapshot will look after hybrid plan rate separation takes place July 1. How Hybrid Retirement Plan Members Can Step Into Bigger Savings February 2024 SmartStep hybrid plan members save more for retirement with automatic, annual increases to their voluntary contributions. Use These Resources to Help Prepare for Hybrid Rate Separation January 2024 Get answers to your questions about hybrid rate separation and download a spreadsheet of payroll examples. Ready for Hybrid Rate Separation? Take These Steps Now December 2023 Now is the time to update payroll systems, budget for defined contribution payments and address reconciliation issues. Don’t Wait: Alert Hybrid Plan Members of December 15 Voluntary Contribution Deadline December 2023 Hybrid plan members can contribute up to 4% each month and receive an employer match. 1 2 3 4 5 6 > >>