May 28, 2023

Message from Human Resources

To:  457 Deferred Compensation, Hybrid and DCP Participants 

Our Plan Specialist will be on campus in GW106 on the following days for 2018, please click the link and register for you appointment:

  • Friday, June 1,
  • Wednesday, Sept.12, and
  • Thursday, Dec. 6

Registration can be made at: 

Hybrid Retirement Plan:

The June 15 deadline   for Hybrid Voluntary Contribution Changes is around the corner. 

Why You Should Be Saving

Employer Match – Consider boosting your voluntary contribution amount to 4 percent. If you save 4 percent, you’ll receive 2.5 percent in employer matching contributions!

Tax Savings – Taxes are deferred on both contributions and earnings, allowing you to pay less in taxes now.

Members can make changes to their voluntary contributions each quarter. The cut-off date for changes to an account is 4 p.m. ET on the 15th of the month prior to the next quarter. (For example, members must request the change by 4 p.m. ET on June 15 in order to be effective in the first payroll of July.) If the 15th is not a business day, the deadline will be 4 p.m. ET on the next business day after the 15th.

One-on-One Consultations with our Plan Specialist include the following and will help you gain awareness of the benefits of the defined contribution plans:

  • Managing your account online
  • Reviewing your contributions
  • Investment awareness
  • Beneficiary review

Great News!!!  Introducing the new VRS DCP mobile app!!

This app offers you the opportunity to manage and boost your investment knowledge on the go. The app is for iPhones, Android smartphones, and tablets. 

Download the VRS DCP Mobile app now! 

There are many paths you can take to achieve financial prosperity. It is never too late to review your retirement contribution choices.  Whether you increase your contributions once a year or whenever you receive a pay raise, VRS Defined Contribution Plans (DCP) will help you exercise good financial judgement by supplying you with an overall understanding of your investment options. Take a moment to plan for tomorrow, today.

VRS Defined Contribution Plans Educational Seminars are currently being held around the state of Virginia. The meetings are open to employees eligible to participate in the VRS Defined Contribution Plans. Our group meetings address the highlights and features of our plans, overall investment options, and distribution strategies for those employees approaching retirement  Advance registration is requested for all sessions and individual consultations. Also, our Investor Services Team is available between the hours of 8:30 a.m. – 9 p.m. Monday through Friday at 1-877-327-5261 (Option 1) to assist with participant concerns.

To register for the meeting(s) for the 457 Deferred Compensation, including ROTH  and Virginia Cash Match Plans, please click here

To register for the meeting(s) for the Hybrid Defined Contribution Plans, click on the following link View Hybrid Retirement Plan group seminars and one-on-one consultations

VRS Defined Contribution Plans (DCP) are currently conducting Live Webinars on a regular basis throughout the year for you. The webinars are open to all employees eligible to participate in or currently participating in one or more of the VRS Defined Contribution Plans. 

Adventure Awaits One and All!! 

The RealizeRetirement® Adventure Tour is coming your way! The tour invites you to visualize your future after you retire.  Explore interactive ways to think about your future.  You will have the opportunity to experience the following:

ü  A Mobile Escape Adventure with a Public Sector Retirement Twist – Try our completely new, dynamic, and interactive experience featuring a mobile escape adventure 

ü  Get Yourself On Track – Play ICMA-RC’s digital Hidden Objects game and get yourself on track

ü  Learn More at the DCP Info Booth – Local specialists will be onsite to answer your questions, share information and set up future consultations

ü  Enjoy Fun Activities! – Other activities… all with a focus on engaging and inspiring government employees

To learn more about making your retirement dreams a reality and a list of the tour dates, click here. 

Here is the link to our Upcoming 457 Deferred Compensation and Virginia Cash Match Live Webinars as well as Upcoming Hybrid Defined Contribution Component Live Webinars that will assist with the overall understanding of the plans. 

Additional informational links:

COV 457 –

COV Roth 457 –

COV Cash Match-

Hybrid Retirement –