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Changes in Store for FY 2025 - What You Need to Know

A new fiscal year brings new legislation, changes in retiree COLAs and important updates to VRS resources and websites.

June 2024
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Countdown to Hybrid Rate Separation: Are You on Track?

After July 1, you will no longer reconcile the defined contributions for hybrid plan members with your monthly VRS snapshot.

May 2024
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How to Ensure You’re Fully Prepared for Hybrid Rate Separation

Monthly snapshots will change, so make sure you consider any impacts on your internal processing.

April 2024
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March 15 Is Next Deadline for Hybrid Plan Members to Save More

Members who max out early in their careers will see their investment earnings compound over time.

March 2024
A laptop computer on a desk showing the snapshot comparison spreadsheet on the screen, a ceramic cup of coffee and text reading snapshot before and after
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What Will Your Snapshots Look Like After Hybrid Rate Separation?

Starting this month, VRS will provide Snapshot Comparison reports previewing how your snapshot will look after rate separation.

March 2024
Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.
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Snapshot Comparison Tool Will Help You Prepare for Rate Separation

Use these new reports to help visualize how your snapshot will look after hybrid plan rate separation takes place July 1.

February 2024
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Featured

How Hybrid Retirement Plan Members Can Step Into Bigger Savings

SmartStep hybrid plan members save more for retirement with automatic, annual increases to their voluntary contributions.

February 2024
Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.
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Use These Resources to Help Prepare for Hybrid Rate Separation

Get answers to your questions about hybrid rate separation and download a spreadsheet of payroll examples.

January 2024