The VRS Hybrid Retirement Plan combines the features of a defined benefit plan and a defined contribution plan. The plan applies to most members hired on or after January 1, 2014, and employees who elected to opt into the plan in 2014.
| Defined Benefit |
Defined Contribution |
- Provides the foundation of your future retirement benefit when you qualify
- Pays a lifetime monthly retirement benefit based on age, total service credit and average final compensation
- VRS manages the investments and related risk for this component
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- Provides a tax-deferred savings plan to build on your benefit from the defined benefit component
- Pays a retirement benefit based on contributions by you and your employer to the plan and the investment performance of those contributions
- You manage the investments and related risk for this component
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Learn how the defined benefit and defined contribution components of your plan work together to help you meet your retirement goals.
Additional Plan Info
VRS
