Information central to help you administer VRS benefits.
Resources and links to assist with GASB and other financial reporting related to VRS-administered benefit plans, including fiscal year-end reminders.
Help members understand their VRS retirement plan provisions.
Help members understand their VRS retirement member benefits.
You now administer the defined contribution and defined benefit portions of the plan as separate and independent components.
Encourage employees to save to the match by maxing out their voluntary contributions.
A new fiscal year brings new legislation, changes in retiree COLAs and important updates to VRS resources and websites.
After July 1, you will no longer reconcile the defined contributions for hybrid plan members with your monthly VRS snapshot.
Monthly snapshots will change, so make sure you consider any impacts on your internal processing.
Members who max out early in their careers will see their investment earnings compound over time.
Starting this month, VRS will provide Snapshot Comparison reports previewing how your snapshot will look after rate separation.
Use these new reports to help visualize how your snapshot will look after hybrid plan rate separation takes place July 1.
SmartStep hybrid plan members save more for retirement with automatic, annual increases to their voluntary contributions.
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