The VRS Board of Trustees announced 2026 cost-of-living adjustments (COLAs) for retirees at its February 5 meeting. The VRS website has been updated to display the new COLA amounts, effective July 1, 2026:
- 2.63% for members in Plan 1.
- 2.32% for members in Plan 2 and the Hybrid Retirement Plan.
Eligible retirees will see the COLA amount starting with their August 1 benefit payment.
Virginia Sickness and Disability Program
Members receiving long-term disability benefits under VSDP for at least one calendar year will see a:
- 4.00% increase in their creditable compensation.
- 2.63% (Plan 1) or 2.32% (Plan 2 and Hybrid Retirement Plan) cost-of-living adjustments to their benefit payments.
Virginia Local Disability Program
Members receiving long-term disability benefits under VLDP for at least one calendar year will see a:
- 4.00% increase in their creditable compensation if they retire directly from long-term disability.
Life Insurance
Retirees with at least 30 years of service are covered by the VRS Group Life Insurance Program and receive a minimum life insurance benefit, indexed using the Plan 2 COLA each year thereafter. The new minimum beginning July 1 is $9,995.
