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  1. Employer Update
  2. Categories
  3. Voluntary Contributions

Employer Update

Category: Voluntary Contributions

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

New Resource Will Help You Navigate Changes to Hybrid Plan Administration

July 2023

A new resource will walk you through changes in how employer contributions will be calculated and paid for the hybrid plan.

text which reads hybrid plan administration and a photo of office workers collaborating

Prepare for Important Changes in Hybrid Plan Administration

June 2023

VRS will simplify how employer contributions are calculated and paid for the Hybrid Retirement Plan.

A hand placing a coin into the slot of a piggy bank. On either side of the image is text which reads help them save more.

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.

A collage of squares of colors intermixed with pictures of people riding scooters in a park. Over this is a large graphic arrow pointing to the right. On the far right is an image of a hand placing a roll of $20 bills into a jar with a lid indicating increasing savings.

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.

An image of two hands each with dollar signs hovering over them. To the right of the hands is a large plus sign followed by a symbol of a graph showing growth. Finally, on the left is an equals sign. To the right of the equals sign is text which reads auto-escalation 2023.

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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