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The original item was published from 12/3/2024 4:13:54 PM to 12/17/2024 12:00:01 AM.

News Flash

Team Norfolk Today

Posted on: December 4, 2024

[ARCHIVED] Virginia Retirement System Hybrid Plan Deadline

VRS Hybrid Plan Deadline

VRS Hybrid Retirement Plan members, your quarterly deadline is approaching.

 In addition to your 5% mandatory contributions, you can make voluntary contributions to the defined contribution component of your plan each month to maximize your retirement savings.

 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 877-327-5261, select option 1.

 Request your contribution increase by 4 p.m. EST on Dec. 16.

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

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