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The original item was published from 3/8/2024 2:07:37 PM to 3/8/2024 2:08:48 PM.

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Team Norfolk Today

Posted on: March 11, 2024

[ARCHIVED] Virginia Retirement System Hybrid Plan Member Deadline

VRS March 15 deadline

Quarterly Deadline for Hybrid Retirement Plan Members of the Virginia Retirement System

Attention Hybrid Plan Members of the Virginia Retirement System:

Did you know that last quarter, 50% of the City of Norfolk's VRS Hybrid Members made voluntary contributions?

You can also make voluntary contributions to the defined contribution component of your plan each month, in addition to the mandatory 5% contributions.

If you voluntarily contribute the maximum 4%, you will receive a 2.5% employer-matched contribution.

Ready to increase your voluntary contributions? Log in now or call MissionSquare Retirement at 800-669-7400.

Request your contribution increase by 4 p.m. EST on March 15.

For general questions, contact the Retirement Office at 757-664-4738 or retirement@norfolk.gov.

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