VRS Higher Education
Savings Solutions for Higher Education
As a higher education employee, you have savings options beyond your 403(b). Consider also saving in your Commonwealth of Virginia 457 Plan (COV 457) with VRS. You can contribute to both plans up to the annual contribution limit for each plan. View IRS guidelines on how much salary you can defer when you are eligible for more than one retirement plan. Most importantly, start now and make a smart decision for your future.
Your COV 457
Your COV 457 makes it easy to save with pre-tax and Roth after-tax contributions, catch-up contributions, three diversified investment paths, penalty free withdrawals (once you leave employment) and assistance from local DC Plans Specialists. Manage your account on the go with the DCP mobile app and access retirement tools on your COV 457 website.
Learn More
Meet Your DC Plans Specialist
Your local, VRS dedicated, DC Plans Retirement Specialist is available to assist with your retirement questions and planning. One-on-one appointments, group education seminars, and webinars are available on a wide array of educational topics
Enroll
Join the COV 457 Plan today! Set up your online access, then log in to choose your contribution amount. Use the Paycheck Calculator to visualize the impact to your paycheck. Choose SmartStep to gradually increase your contributions each year.