Why Roll Over? Benefits of Consolidating Your Funds

May 2025

Decorative. Text reading consolidate your savings over a photo of a golden retriever dog rolling over.

Seeing the big picture of your savings progress is often easier when you can manage your funds in one place. If you have retirement savings from a previous employer or a traditional Individual Retirement Account (IRA), you can roll that money into your VRS defined contribution plan if you participate in one.

You can roll over funds from 401(a), 401(k), 403(b) and 457(b) plans, the Federal Thrift Savings Plan or a traditional IRA.

Benefits of Rollovers

Lower cost. VRS defined contribution plans offer low administrative fees and competitively priced investment options.
No tax consequences. Rolled over funds generally remain tax-deferred and grow with compound interest.
Easier tracking. Manage your funds in one place by logging in to your DCP Account.
Participant resources. Voya Financial, the DCP record keeper, offers no-cost counseling, as well as financial planning and advisory services to help you plan. Additional fees may apply depending on services requested.

How to Start a Rollover

Contact the VRS Defined Contribution Plans Service Center at 877-327-5261 for assistance.

NOTE

You must be a current participant in a VRS defined contribution plan to use the DCP rollover option.