Category: Hybrid Retirement Plan

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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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March 15 is Next Deadline for Hybrid Plan Members to Save More

March 2023

Hybrid plan members can contribute up to 4% each month and receive an employer match.

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Your Turn to Ask

March 2023

Are rollovers allowed to the defined contribution component of the Hybrid Retirement Plan?

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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.

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Fast Facts About Hybrid Plan Auto-Escalation

February 2023

While auto-escalation is built into the Hybrid Retirement Plan, members who took active control save more over time.

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Hybrid Plan Auto-Escalation Contribution Reporting Tips

January 2023

Hybrid Retirement Plan auto-escalation went into effect January 1, boosting members’ voluntary contributions by 0.5%, except fo...

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Countdown Underway for Hybrid Plan Auto-Escalation

December 2022

Hybrid Retirement Plan auto-escalation will take place in January 2023, effective with the first payroll that month. Automatic...

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Your Turn to Ask

November 2022

When switching jobs between VRS-participating employers, do Hybrid Retirement Plan members need to re-elect their voluntary con...

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Notify VRS of Employee Disability Claims or Status Changes

October 2022

Whether you provide the Virginia Local Disability Program (VLDP) or a comparable disability plan to your Hybrid Retirement Plan...