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VA Retirement System (VRS)

For Professionals, Professional Faculty, Instructional Faculty and Grant Funded Professionals

In addition to Social Security, contributions will be made for you to either this VA Retirement System plan (VRS), or an Optional Retirement Plan (ORP).  You may choose either plan, but an application must be submitted within 60 days of hire date.

To further understand the differences between the VRS and ORP plans, please read Choosing Your Retirement Plan (pdf).

Virginia Retirement System (VRS) Hybrid Plan - For employees hired on or after January 1, 2014 with no prior state service.

This is a combination of a defined (or fixed) benefit retirement plan and defined contribution (or 401k-like) plan.  Members must have at least five years of service and have attained age 60 to retire early with reduced benefits.  To receive full benefits, the member must be of social security age and have at least five years of service credit or when age and service credit equal at least 90.  The benefits received under the defined benefit portion of the plan are determined by salary, length of service, age at retirement, and the retirement income option selected (e.g., survivorship, partial lump-sum optional payout [PLOP]).  The benefits received under the defined contribution portion of the plan are determined by the contribution level and fund performance over time.  More information can be obtained at the VRS website.

Virginia Retirement System (VRS) Plans 1 and 2 - For employees hired prior to January 1, 2014

This is a defined (or fixed) benefit retirement plan. Members must have at least five years of service and have attained age 60 to retire early with reduced benefits. To receive full benefits, the member must be of social security age and have at least five years of service credit or when age and service credit equal at least 90. The benefits received at retirement are determined by salary, length of service, age at retirement, and the retirement income option selected (e.g., survivorship, partial lump-sum optional payout [PLOP]). More information can be obtained at the VRS website.

Employee Contribution

Employees are required to make a 5% pre-tax contribution to their respective retirement plans.  VRS Hybrid participants are eligible to contribute up to 9% to their retirement plan and receive an employer match of up to 2.5%.

Member News - Subscribe Now!

As a member, you can also subscribe to Member News and have it sent directly to your email address. That means that you can read the latest news through your email account at home, at work or on the go with your mobile device.  This gives you a chance to read about your benefits as soon as the newsletter is posted.

Online Access through myVRS

The Virginia Retirement System now posts your annual benefit statement and Member Benefit Profiles using a secured account called myVRS.  Your Member Benefit Profile will be available on September 1, 2011.  To view and print your Member Benefit Profile you must register with myVRS at https://www.varetire.org/myVRS.