Plan for Tomorrow Today: Annual Retirement Seminar & VRS Service Purchase Changes

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RetirementAnnual Retirement Planning Seminar

Are you planning on retiring within the next few years? Just starting out in the workforce? Wondering where the money will come from when you retire? Not sure what your retirement options are? Then you should attend the Retirement Planning Seminar:

Monday, November 7, 2016 | 5:15 to 7 p.m. | Monticello High School Forum

Topics will include:

  • Saving for retirement: Why you should and what you need to consider
  • Virginia Retirement System: Benefits and options
  • VERIP: What is it?
  • Returning to work after retirement: What you need to know

No registration is required. All, including significant others, are welcome to attend. You don’t need to be getting close to retirement to start thinking about it. The sooner you start planning, the better prepared you’ll be.

Questions? Please contact John McQuilkin in Human Resources at jmcquilkin@albemarle.org.

VRS Service Purchase Changes

The clock is ticking for VRS purchases of prior service! The General Assembly passed legislation in 2015 that will change purchase of prior service (PPS) provisions for VRS beginning January 1, 2017. The changes may increase the cost of purchasing service credit, and there will be limits on the number of months eligible for purchase of some types of service.

Prior service credit counts toward the years needed to become vested and eligibility for retirement. Find out more »