Daily Bulletin title

January 27, 2014

Virginia Retirement System – New Hybrid Retirement Plan

Open Enrollment for VRS Members

January 1, 2014 – April 30, 2014

The VRS Hybrid Retirement Plan combines the features of a defined benefit plan and a defined contribution plan.

Who is Eligible to Opt-In?

At Virginia Western, only current VRS members.  Optional Retirement Plan (ORP) and Virginia Law Officers' Retirement System (VaLORS) are not eligible to opt-in.

Is The Plan Right For You?

You can answer this question by attending one of the following informational sessions all located in the Human Resources Training Room in Fishburn Hall:

Monday, February 17, 2014 at 1:30 p.m.

Tuesday, March 11, 2014 at 1:30 p.m.

Thursday, April 17, 2014 at 2:30 p.m.

Tuesday, April 22, 2014 at 10:00 a.m.

Current VRS members are not affected by the new plan; however, you do have the opportunity to opt-in. If you do not wish to opt-in, you do not need to do anything!

If you are considering opting into the plan, you are strongly encouraged to attend one of these informational sessions.

Your decision to enroll in the Hybrid is irrevocable.