Category: Payroll

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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.

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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.

Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.

Key Steps to Prepare for Hybrid Plan Rate Separation

November 2023

Act now to make sure your budgeting, payroll and reporting processes are ready for rate separation.

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Optional Life Insurance Rates Decrease July 1 for Certain Ages

June 2023

The Optional Group Life Insurance Program will see an overall rate reduction of 5% effective July 1.

Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.

Your Chance to Learn More About Separation of Hybrid Plan Employer Rates

May 2023

Attend an info session about how separation of hybrid plan rates will impact your payroll process.

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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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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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Mark Your Calendar: Hybrid Plan Auto-Escalation Dates

August 2022

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

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Set Up a Batch File to Make Auto-Escalation Processing Easier

July 2022

Submitting contributions for VRS defined contribution plans does not have to be time-consuming, manual process. Switch to a...