Employer Update

Later this month, VRS will post online in myVRS Navigator the latest actuarial valuation reports (as of June 30, 2025) and rate letters for all political subdivision employers. The rate letter will include the retirement contribution rate, along with rates for group life insurance, the health insurance credit and Virginia Local Disability Program (VLDP), if applicable.

The new rates are effective for fiscal years 2027 and 2028, beginning July 1, 2026, and ending June 30, 2028.

To Access Your Actuarial Valuation

1. Log in to myVRS Navigator. (You may need to coordinate with others in your organization who have access to myVRS Navigator to download the material.)
2. Click on the Reports drop-down menu heading.
3. Scroll to and click on Generated Reports.
4. Type “Valuation” in the report search field to filter the list to include valuation reports for your pension and health insurance credit (if applicable).

Contribution rates for political subdivision plans are calculated based on the assets and liabilities of each individual participating employer.

Employer contributions will vary based on:

• Benefit offerings (enhanced hazardous duty coverage, for example).
• Demographics of the employee group covered.
• Current funded level of the political subdivision’s plan.