To all employees currently active in the Virginia Retirement System: Beginning January 1, 2014, there will be some significant changes to the Virginia Retirement System (VRS) as the result of legislation approved by the Virginia General Assembly and signed by the Governor. All new VRS-eligible (i.e., full-time) employees, except for those classified as hazardous duty, will be enrolled in the new VRS Hybrid Plan, unless they have active VRS service prior to that date. Hybrid Plan members will contribute the same five percent of their pre-tax salary as our current VRS-eligible employees do, but their contributions will be allocated in a different manner. Continue reading →