VRS and Retirement
VRS has several plans that members have been placed on at the time of employment. The retirement benefit is based on your age, creditable service and average final compensation at retirement using a formula. Please find information below regarding your specific retirement plan through VRS along with other retirement planning options. You may also refer to the VRS Plan Comparison Guide to understand the differences between the plans. We encourage all employees to create a VRS account by visiting HERE.
VRS Hybrid Plan Resources
The hybrid plan applies to most members hired on or after January 1, 2014, and to VRS Plan 1 and VRS Plan 2 members who opted into the Hybrid Plan during the special election window. The hybrid retirement plan is a combination of two types of plans: a defined benefit plan and a defined contribution plan. These plans form the components of the VRS Hybrid Retirement Plan.
The documents below will assist you in your understanding of the Hybrid plan and your options. For additional information, you may want to review the following links:
VRS Voluntary Contributions Toolkit
VRS Hybrid Retirement Plan Handbook
VRS Plan 2 Resources
You are in the VRS Plan 2 if your membership date is on or after July 1, 2010,or your membership date is before July 1, 2010, and you were not vested as of January 1, 2013. The documents below will assist you in your understanding of the VRS Plan 2 and your options. For more information you may want to review the VRS Plan 2 Handbook.
VRS Plan 1 Resources
You are in the VRS Plan 1 if your membership date is before July 1, 2010, and you were vested as of January 1, 2013. The documents below will assist you in your understanding of the VRS Plan 1 and your options. For more information you may want to review the VRS Plan 1 Handbook.