Skip to main content
Virginia Retirement System for Employers
  • Employer Hub
    Back to Main Menu
    • Calculators
    • Contact VRS
    • Employer Manual
    • Employer Update
    • DCP Resource Site
    • Legislative Tracker
    • Member Benefit Profile ( MBP )
    • Order Publications
    • Hiring VRS Retirees
  • Training
  • Financial Reporting
    Back to Main Menu
    • Contribution Rates
    • Fiscal Year-End Reminders
    • VRS Guidelines and Resources: Pension
    • VRS Guidelines and Resources: OPEB
    • Actuarial Reports
  • Retirement Plans
    Back to Main Menu
    • Defined Benefit Plans
    • Plan 1
    • Plan 2
    • Hybrid & Defined Contribution Plans
    • Hybrid Retirement Plan
    • Defined Contribution Plans
  • Benefits
    Back to Main Menu
    • Benefit Payout Options
    • Death-in-Service
    • Disability
    • Hazardous Duty
    • Life Insurance
    • Line of Duty Act ( LODA )External Site Link
    • Long-Term Care
    • Military Leave
    • Purchase of Prior Service ( PPS )
    • Severance
  • Forms
  • Publications
Search
Voya Sponsor Web myVRS NavigatorNavigator
Virginia Retirement System for Employers
  • About
  • Careers
  • Newsroom
  • VRS Home
Voya Sponsor Web myVRS NavigatorNavigator
Virginia Retirement System VRS Website for Employers
  • Employer Hub
    Employer Hub

    Information central to help you administer VRS benefits.

    Visit The hub
    • Calculators
    • Contact VRS
    • Employer Manual
    • Employer Update
    • DCP Resource Site
    • Legislative Tracker
    • Member Benefit Profile ( MBP )
    • Order Publications
    • Hiring VRS Retirees
  • Training
  • Financial Reporting
    Financial Reporting

    Resources and links to assist with GASB and other financial reporting related to VRS-administered benefit plans, including fiscal year-end reminders.

    Visit Financial Reporting Home
    • Contribution Rates
    • Fiscal Year-End Reminders
    • VRS Guidelines and Resources: Pension
    • VRS Guidelines and Resources: OPEB
    • Actuarial Reports
  • Retirement Plans
    Retirement Plans

    Help members understand their VRS retirement plan provisions.

    View Plans
    • Defined Benefit Plans
    • Plan 1
    • Plan 2
    • Hybrid & Defined Contribution Plans
    • Hybrid Retirement Plan
    • Defined Contribution Plans
  • Benefits
    Benefits

    Help members understand their VRS retirement member benefits.

    View Benefits
    • Benefit Payout Options
    • Death-in-Service
    • Disability
    • Hazardous Duty
    • Life Insurance
    • Line of Duty Act ( LODA )External Site Link
    • Long-Term Care
    • Military Leave
    • Purchase of Prior Service ( PPS )
    • Severance
  • Forms
  • Publications
  •   
VRS Logo
  1. Employer Update
  2. Categories
  3. IRS

Employer Update

Category: IRS

A young woman wearing eyeglasses smiles and points her finger toward the viewer. To her right is text that says your turn to ask.

Your Turn to Ask

March 2025

I have several late-career employees looking to fill gaps in their retirement savings. What catch-up options are available?

An Asian man wearing a dress shirt points to text reading news to know.

Announcements

February 2025

Monthly Contributions to Hybrid Retirement Plan; Look Back at 2024; IRS Contribution Limits

A man wearing a suit carrying a large 3D dollar sign on his back runs down the street after a large clock with legs wearing dress pants and shiny shoes. To the left of them is text reading time to catch up.

Catch-Up Options Help Members Save More for Retirement

January 2025

Boosting retirement savings toward the end of their careers comes with tax benefits for employees.

A nest with three golden eggs in it next to text reading add more to your nest egg.

IRS Increases 2025 Limits for Tax-Deferred Saving

December 2024

The annual limit applies to hybrid voluntary contributions, other 457 plans and after-tax and pretax Roth contributions.

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

Announcements

January 2024

2024 General Assembly Session; DCP Record Keeper Transition; IRS Contribution Limits; Employer Training

a pair of hands holding two eggs that have retiement and nest eg written on them next to text which reading contribution limits

IRS Sets 2024 Contribution Limits

December 2023

The IRS increased limits for how much participants can contribute to tax-deferred savings plans for tax year 2024.

DCP logo with text saying Deferred Compensation Plans, Retirement Solutions Made Simple

Important Reminder: Correction Policies Revised for Some Defined Contribution Plans

October 2023

Avoid errors and ensure your payroll procedures follow IRS requirements.

Read the latest issue of Employer Update,
curated content for VRS employers.
As a VRS employer, you're automatically subscribed!
Suggest an Article
  Suggest an Article for Employer Update
VRS Website for Employers logo

Counseling Center 888-827-3847

In-person appointments Tuesday & Wednesday.
6641 West Broad Street, Suite G-106
Richmond VA 23230
Mon - Fri, 8:30 a.m. – 4:00 p.m.

Map & Directions|Contact VRS

  • Employer Hub
  • Training
  • Financial Reporting
  • Plans
  • Benefits
  • Forms
  • Publications
  • Employer Home
  • Contact VRS
  • Glossary
  • Site Map
  • Web Policy
  • FOIA Request
  • Search
Voya Sponsor Web myVRS Navigator Navigator
  • About
  • Careers
  • Legislation
  • Newsroom
  • VRS Home
Virginia Retirement System logo Copyright2025Virginia Retirement System. All rights reserved.