VRS Hybrid Plan Participants: March 15th is the Deadline for Quarterly Defined Contribution Election Changes
Faculty members and classified staff in the Virginia Retirement System Hybrid Retirement Plan may make changes to their voluntary defined contribution amount once per calendar quarter. Higher voluntary contributions result in increased matching by VCU! Participants can make changes online at www.varetirement.org/hybrid.html or by telephone at 1-855-291-2285. For online access instructions, see “Quick and Easy Access to Your Account.”
Contribution change elections made by March 15th take effect in April. The next quarterly deadline will be June 15, 2016 for changes effective July, 2016.
The VRS Hybrid Retirement Plan is only available to VRS-covered employees with membership dates of January 1, 2014 or later, or VRS participants who opted into the plan during the one-time opt-in period from April – June, 2014.