VRS Logo Monday, September 16, 2019
Print Page

Current Contribution Rates

The following tables provide the General Assembly-enacted employer contribution rates for fiscal years 2019 and 2020. The 2019-2020 budget funds 100 percent of the VRS-certified contributions rates.

VRS Employer Contribution Rates by Fiscal Year
Retirement Program 2019 & 2020 *
* Full actuarially determined rates.
State Employees 13.52%
Teachers 15.68%
State Police Officers' Retirement System 24.88%
Virginia Law Officers' Retirement System 21.61%
Judicial Retirement System 34.39%
Non-Professional School Board and Political Subdivision Employees Varies by Employer
Other Post-Employment Benefits Contribution Rates by Fiscal Year
2019 & 2020 *
* Full actuarially determined rates.
Group Life Insurance Employee 0.79%
Employer 0.52%
Total 1.31%
Health Insurance Credit State Employees 1.17%
Teachers 1.20%
Non-Professional School Board Members and Political Subdivision Employees Varies by Employer
Virginia Sickness and Disability Program (VSDP) Covered Payroll 0.62%
Virginia Local Disability Program (VLDP) Teachers 0.41%
Political Subdivision Employees 0.72%

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).

Top