VRS Hybrid Plan Participants: December 15th is the Deadline for Quarterly Voluntary 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 December 15th take effect in January. The next quarterly deadline will be March 15, 2017 for changes effective April, 2017.
The VRS Hybrid Retirement Plan is available only 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.