Defined Contribution Plans

Virginia Retirement System (VRS)

Select your plan

VRS offers seven defined contribution savings plans to help members save for the future. These defined contribution plans are separate from your VRS defined benefit retirement plan. Select a plan below to get more information or take action now to enroll or manage your account.

***Please note that Voya Financial became the Virginia Retirement System defined contribution plans record keeper as of January 1, 2025. Voya will no longer be accepting MissionSquare Retirement forms for transactions as of February 18, 2025. Please visit dcp.varetire.org/forms for the current Voya forms or call the VRS Defined Contribution Plans Service Center for assistance at 877-327-5261. Many forms can be completed online by logging in to your DCP account at dcp.varetire.org/login.***

Hybrid Retirement Plan

A blended defined benefit and defined contribution plan for the majority of VRS members hired on or after January 1, 2014.

457 Deferred Compensation Plan

A supplemental before-tax and/or Roth after-tax savings plan for state employees and participating political subdivisions and school divisions.

Virginia Cash Match Plan 401(a)

Supplemental before-tax savings plan for state employees and participating political subdivisions and school divisions.

ORP for Higher Education

Optional retirement plan for higher education institution personnel engaged in teaching, administration or research.

ORP for Political Appointees

Optional retirement plan for eligible appointees of the governor, lieutenant governor, attorney general and other eligible positions as defined by the Code of Virginia.