Contribution Rates

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Select each heading below to see employer contribution rates for VRS retirement plans and other post-employment benefits by fiscal year. Certified by the VRS Board of Trustees, contribution rates are based on a rate-setting actuarial valuation done every two years. Funding for the statewide plans is subject to the state budgeting process. Employer contribution rates provided for non-professional school board and political subdivision plans, including the Virginia Local Disability Program (VLDP) and health insurance credit (HIC) for political subdivisions, are final once certified by the VRS board.

VRS Employer Contribution Rates by Fiscal Year

Retirement Program	Fiscal Years 2019 & 2020	Fiscal Years 2021 & 2022
State Employees	13.52%	14.46%
Teachers	15.68%	16.62%
State Police Officers' Retirement System	24.88%	26.33%
Virginia Law Officers' Retirement System	21.61%	21.90%
Judicial Retirement System	34.39%	29.84%
Non-Professional School Board and Political Subdivision Employees	Varies by Employer

Other Post-Employment Benefits Contribution Rates by Fiscal Year

		Fiscal Years 2019 & 2020	Fiscal Years 2021 & 2022
Group Life Insurance	Employee	0.79%	0.80%
	Employer	0.52%	0.54%
	Total	1.31%	1.34%
Health Insurance Credit	State Employees	1.17%	1.12%
	Teachers	1.20%	1.21%
	Non-Professional School Board Members and Political Subdivision Employees	Varies by Employer
Virginia Sickness and Disability Program (VSDP)	Covered Payroll	0.62%	0.61%
Virginia Local Disability Program (VLDP)	Teachers	0.41%	0.47%
	Political Subdivision Employees	0.72%	0.83%

Valuation Reports

VRS provides actuarial valuation reports to help employers establish required contribution levels and disclose plan assets and actuarial liabilities that are used to determine the funded status of the retirement plan, and to provide supporting information regarding the plan's operation. The reports are also a resource for complying with Governmental Accounting Standards Board Statements No. 43 and No. 45, which require actuarial valuations of retirees' other post-employment benefits (OPEB).