Did you know that retirement benefits under VRS Plan 1 or 2 will, at most, replace 50-60% of a member’s pre-retirement income? If you’re a VRS Hybrid Plan member, that number decreases to 30% under the defined benefit portion of the Hybrid Plan. Whether you’re a VRS member or not, saving toward your retirement now can help give you options later in life, when you may not want or be able to work. Plus, many of the retirement savings options available to you as an ACPS employee allow you to save on a pre-tax basis, which helps you lower your taxable income now—while you’re working!

We facilitate pre-tax payroll contributions into the following:

• ACPS Lincoln Financial 403(b)
• Commonwealth of Virginia Deferred Compensation Plan (457)
• Nationwide Retirement Solutions (457)

You can also contribute on an after-tax basis to the Lincoln 403(b) Roth and the Commonwealth of Virginia 457 Roth. As an ACPS employee, you can contribute to both types of plans up to the IRS maximums for each plan.

Learn More

You can learn more about these options and how you can contribute by visiting our Retirement Benefits and Saving for Retirement page. If you’re ready to get started, contact information for our dedicated account representatives can be found at the bottom of that page.

Heads-up! The Human Resources Benefits team will be at Making Connections on November 6. Attend one of our sessions or swing by our information table to say hi and learn more about saving for retirement, or about any of our other benefits programs!