Resource Center for VRS Employers: Hybrid Retirement Plan: Defined Contribution Component

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Feel confident about your financial security

Virginia Retirement SystemVirginia Retirement System (VRS) invites all VRS members and retirees to connect with a CERTIFIED FINANCIAL PLANNER professional who can help guide your financial journey. Participation in a VRS Defined Contribution Plan is not required to take advantage of these services.

Reach your goals

Wherever you are in your financial journey, we can help you reach your goals and work toward a more secure and confident financial future.

Our CERTIFIED FINANCIAL PLANNER professionals and local DC Plans Specialists work together to help you plan for the future you envision by building on the retirement security you’ve earned. We’re here to help you retire—your way!

We can point you in the right direction based on your needs and situation. 

"I need help with my financial questions."

Our CERTIFIED FINANCIAL PLANNER Professionals can help with holistic financial situations including paying down debt, creating a budget, saving for education, starting an estate plan, or determining when to take Social Security.  

"I need assistance with my Defined Contribution Plan."

Our DC Plan Specialists can help with your retirement plan questions including enrolling in your eligible plan, understanding investment options, increasing contributions, or accessing your plan tools and resources.

Ready to connect with a CERTIFIED FINANCIAL PLANNER professional?

Schedule a no cost one-on-one consultation or attend a live webinar to get started.

Schedule a CFP® Consultation

Attend a CFP® Seminar

Ready to learn more?

Click below to learn more about financial planning services or connect with your local DC Plans Specialists.

Financial planning services are available to all VRS members, including retirees, regardless of participation in a VRS Defined Contribution Plan.

Services available at no cost include:

  • 30-minute one-on-one consultations with a CFP professional.
    • Webinars led by a CFP professional.

    Financial plans are also available at a low cost if your balance is below the DCP* account balance threshold, or at no cost, if your balance is above the DCP* account balance threshold:

    • Goal-Specific Financial Plan — $175 per financial plan, if DCP* account balance is <$100,000, or you do not have a DCP account.
    • Comprehensive Financial Plan — $450 per financial plan, if DCP* account balance is <$200,000, or you do not have a DCP account.

    *VRS Defined Contribution Plan (DCP) accounts include:

    • Commonwealth of Virginia 457 Deferred Compensation Plan
    • Virginia Cash Match Plan 401(a)
    • Hybrid Retirement Plan
    • ORP for Political Appointees
    • ORP for School Superintendents
    • ORP for Higher Education
    • Virginia Supplemental Retirement Plan

    Learn more about the VRS DC Plans at www.varetire.org/dcplans.

    CERTIFIED FINANCIAL PLANNER™ Professionals can help with comprehensive financial planning needs, to and through retirement. Our CFP® professionals can help guide you on a variety of financial topics.

    • Webinars on financial planning topics
    • Personalized one-on-one guidance
    • Debt reduction
    • Budgeting help
    • Saving for education
    • Protecting your loved ones
    • Optimizing Social Security benefits
    • Estate planning

    FINRA BrokerCheck logo

    DC Plans Specialists are available to assist with your VRS Defined Contribution Plans (DCP). Contact your local DC Plans Specialist for help understanding investment options, managing contributions and developing a strategy for your retirement plan. One-on-one appointments and webinars are available.

    Find Your DC Plans Specialist

    To find the Local MissionSquare Retirement Defined Contribution Plans Retirement Specialists for your region, please select your county, city of employment, or employer from the drop-down list below:

     

    FINRA BrokerCheck logo

    One-On-One Consultations with CFP® Professionals are available for personalized guidance and to address your financial planning questions. You may include your spouse or loved one in the conversation. Consultations are free. Topics include:

    • Debt reduction
    • Budgeting help
    • Saving for education
    • Protecting your loved ones
    • Optimizing Social Security benefits
    • Estate planning

    Please consider the following preparation for your appointment:   

    • Jot down questions and think about your goals for the meeting.
    • If you request a full financial plan (available at an additional cost), bring your VRS Member Benefit Profile (your annual benefits statement) for a more holistic view of your future.

    Schedule a CFP® Consultation

    Live Financial Planning Webinars are available with CFP® professionals to help meet your education needs as you journey, to and just as importantly through, retirement. Webinars are free. Topics include:

    • Spending habits
    • Investing do’s and don’ts
    • Women and money
    • Financial planning
    • College planning
    • Retirement income planning

    Attend a CFP® Seminar

    Account Access
    Defined Contribution Log-in:

      MyVRS Financial Wellness

      Gain knowledge, reduce stress and build confidence in the future. Self-paced and easy to use, myVRS Financial Wellness tools are designed with your needs in mind. Get started today.

      Virginia Retirement SystemVirginia Retirement System (VRS) invites all VRS members and retirees to connect with a CERTIFIED FINANCIAL PLANNER professional who can help guide your financial journey. Participation in a VRS Defined Contribution Plan is not required to take advantage of these services.

      Reach your goals

      Wherever you are in your financial journey, we can help you reach your goals and work toward a more secure and confident financial future.

      Our CERTIFIED FINANCIAL PLANNER professionals and local DC Plans Specialists work together to help you plan for the future you envision by building on the retirement security you’ve earned. We’re here to help you retire—your way!

      We can point you in the right direction based on your needs and situation. 

      "I need help with my financial questions."

      Our CERTIFIED FINANCIAL PLANNER Professionals can help with holistic financial situations including paying down debt, creating a budget, saving for education, starting an estate plan, or determining when to take Social Security.  

      "I need assistance with my Defined Contribution Plan."

      Our DC Plan Specialists can help with your retirement plan questions including enrolling in your eligible plan, understanding investment options, increasing contributions, or accessing your plan tools and resources.

      Ready to connect with a CERTIFIED FINANCIAL PLANNER professional?

      Schedule a no cost one-on-one consultation or attend a live webinar to get started.

      Schedule a CFP® Consultation

      Attend a CFP® Seminar

      Ready to learn more?

      Click below to learn more about financial planning services or connect with your local DC Plans Specialists.

      Financial planning services are available to all VRS members, including retirees, regardless of participation in a VRS Defined Contribution Plan.

      Services available at no cost include:

      • 30-minute one-on-one consultations with a CFP professional.
        • Webinars led by a CFP professional.

        Financial plans are also available at a low cost if your balance is below the DCP* account balance threshold, or at no cost, if your balance is above the DCP* account balance threshold:

        • Goal-Specific Financial Plan — $175 per financial plan, if DCP* account balance is <$100,000, or you do not have a DCP account.
        • Comprehensive Financial Plan — $450 per financial plan, if DCP* account balance is <$200,000, or you do not have a DCP account.

        *VRS Defined Contribution Plan (DCP) accounts include:

        • Commonwealth of Virginia 457 Deferred Compensation Plan
        • Virginia Cash Match Plan 401(a)
        • Hybrid Retirement Plan
        • ORP for Political Appointees
        • ORP for School Superintendents
        • ORP for Higher Education
        • Virginia Supplemental Retirement Plan

        Learn more about the VRS DC Plans at www.varetire.org/dcplans.

        CERTIFIED FINANCIAL PLANNER™ Professionals can help with comprehensive financial planning needs, to and through retirement. Our CFP® professionals can help guide you on a variety of financial topics.

        • Webinars on financial planning topics
        • Personalized one-on-one guidance
        • Debt reduction
        • Budgeting help
        • Saving for education
        • Protecting your loved ones
        • Optimizing Social Security benefits
        • Estate planning

        FINRA BrokerCheck logo

        DC Plans Specialists are available to assist with your VRS Defined Contribution Plans (DCP). Contact your local DC Plans Specialist for help understanding investment options, managing contributions and developing a strategy for your retirement plan. One-on-one appointments and webinars are available.

        Find Your DC Plans Specialist

        To find the Local MissionSquare Retirement Defined Contribution Plans Retirement Specialists for your region, please select your county, city of employment, or employer from the drop-down list below:

         

        FINRA BrokerCheck logo

        One-On-One Consultations with CFP® Professionals are available for personalized guidance and to address your financial planning questions. You may include your spouse or loved one in the conversation. Consultations are free. Topics include:

        • Debt reduction
        • Budgeting help
        • Saving for education
        • Protecting your loved ones
        • Optimizing Social Security benefits
        • Estate planning

        Please consider the following preparation for your appointment:   

        • Jot down questions and think about your goals for the meeting.
        • If you request a full financial plan (available at an additional cost), bring your VRS Member Benefit Profile (your annual benefits statement) for a more holistic view of your future.

        Schedule a CFP® Consultation

        Live Financial Planning Webinars are available with CFP® professionals to help meet your education needs as you journey, to and just as importantly through, retirement. Webinars are free. Topics include:

        • Spending habits
        • Investing do’s and don’ts
        • Women and money
        • Financial planning
        • College planning
        • Retirement income planning

        Attend a CFP® Seminar