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    Virginia Retirement System-Hybrid Plan

    The Virginia Retirement System provides retirement, disability, and death benefits to employees and/or their beneficiaries. The City pays 18.79% of base pay towards the retirement and disability benefit, and employees pay the member contribution of 5% of base pay. VRS Hybrid members may elect to contribute an additional 4%. Life insurance is provided at no cost to the employee and is a defined benefit plan that covers all full-time employees. Defined benefit plans promise employees a lifetime monthly benefit payable at retirement. The amount of the retirement benefit is based on a specific formula that uses final average compensation, age, and years of service. Employees must meet all other eligibility requirements. For more information, log in to https://www.varetirement.org/hybrid.html.

    Eligibility

    Employees holding Full-Time positions are automatically enrolled in VRS.

    VRS Effective Date  
    If your date of hire is: Your VRS service is effective:
    On or before the first business day of the month 1st of the month you were hired
    After the first business day of the month 1st of the following month you were hired
    Please note: Saturdays, Sundays, and banking holidays are not business days.  

    Cost

    The City pays 18.79% and employees pay 5% of base pay (pre-tax) towards VRS benefit. 

    Beneficiary Information

    Employees should complete a Designation of Beneficiary Form only if they want benefits to be paid differently than the following order or precedence:

    Spouse
    Children and descendants of deceased children
    Parents
    Appointed Executor or Estate Administrator
    Other next of kin

    Leaving the City but not old enough for retirement?

    VRS-Hybrid | View your options

    Questions? You may call 1-888-827-3847.