There are three Virginia Retirement System (VRS) Plans: Plan 1, Plan 2 and the Hybrid. Benefits vary depending on your membership date and vesting. See the detailed comparison guide to determine your plan and visit the VRS website for detailed plan information (hyperlink). Disability retirement is provided by VRS for Plan 1 and Plan 2 members. There is no disability retirement for Hybrid plan members. Hybrid members participate in the VRS short term disability program.
Virginia Retirement System (VRS)
Covers full-time employees
Employees contribute 5% of salary on a pre-tax basis
Enhanced benefits for Hazardous Duty Public Safety Employees (LEOS)
Health Insurance Credit - upon retirement, you may be eligible for a health insurance credit to assist with the cost of your health insurance premiums
Deferred Compensation Plans
Allows employees to make voluntary contributions to individual retirement plans. Both 457 (b) pre-tax and 457 (b) Roth post-tax plans are available. These are provided by Lincoln Financial.