Announcements
How VRS Compares to Its Peers
VRS remains in the high-service, low-cost category compared to its peers, according to an annual study from CEM Benchmarking, which compares retirement systems in the United States and around the world.
- VRS’ total service score of 81 is in line with our peers.
- VRS’ total pension administration cost is $81 per member, below the peer average of $117.
CEM measures service quality from a member’s perspective. For example, a pension fund that offers more communications channels for its members is perceived to resolve issues more quickly.
VRS participates in the benchmarking comparison each year to identify opportunities to further improve service and reduce costs.
Stay Connected by Updating Your Online Accounts
Keep your contact information current with VRS to ensure communications reach only you. Whenever there is a change to your address, phone number or email, update your VRS accounts immediately to reflect the change.
Here’s how to log in and check if your information is current.
For myVRS (your pension account):
- Go to varetire.org.
- Click the myVRS icon in the top right corner.
- Log in or click “Register Now” to create an account.
- If registering a new account, follow prompts to enter information such as your address, phone number and email. You will also need to create a username and passphrase.
- Log in at least every 90 days to review your account and update your passphrase.
For your security, VRS will automatically lock your myVRS account if you do not register within 90 days of your hire date. To establish your account after it has been locked, call 888-827-3847.
For defined contribution accounts (i.e., your Commonwealth of Virginia 457 Deferred Compensation Plan or Hybrid Retirement Plan Defined Contribution account):
- Go to varetire.org/dcp-login.
- Click “Set Up Your Online Access” and provide your details.
- Choose your user ID and passphrase.
- Log in at least every 90 days to review your account and update your passphrase.
Passphrase Security
Avoid using short, stand-alone passwords that could be easily guessed. Try a passphrase instead. Learn more under Fraud Prevention Tips at varetire.org/securitycenter.
Attend an Upcoming Member Webinar
VRS Overview
Tuesday, Nov. 26, 1-2 p.m.
Learn about your benefits as a VRS Plan 1 or Plan 2 member.
Your Next Steps
Monday, Dec. 9, 10-11 a.m.
Get a walkthrough of the retirement application process (for those in Plan 1 or Plan 2 with fewer than 12 months before retirement).
VRS Reports Return of 9.9% and Hits Record High for Fund
VRS reported a 9.9% return, net of fees, on its investment portfolio for fiscal year 2024, ending the year with approximately $113.9 billion.
