Hybrid Retirement Plan: Helping You Plan for Tomorrow, Today

    • Print this page

    Plan Info

    Overview

    The VRS Hybrid Retirement Plan combines the features of a defined benefit plan and a defined contribution plan. The plan will apply to most members hired on or after January 1, 2014, and current employees who elect to opt into the plan during a special election window from January through April 30, 2014.

    Defined Benefit Defined Contribution
    • Provides the foundation of your future retirement benefit when you qualify
    • Pays a monthly retirement benefit based on age, total service credit and average final compensation
    • VRS manages the investments and related risk for this component
    • Provides a tax-deferred savings plan to build on your benefit from the defined benefit component
    • Pays a retirement benefit based on contributions by you and your employer to the plan and the investment performance of those contributions
    • You manage the investments and related risk for this component

     

    Additional Plan Info

     

    vrs

    Account Log-in


    Defined Benefit Log-in:
    myVRS for Members