Information sessions available for Hybrid Retirement Plan participants
On Jan. 1, 2020, the VRS Hybrid Retirement Plan's auto-escalation feature will boost your retirement savings. Your voluntary contributions will automatically increase by 0.5 percent, every three years until they reach 4 percent. The auto-escalation does not affect employees already contributing the maximum 4 percent to their VRS Hybrid Voluntary Defined Contribution portion.
The following will see auto-escalation:
- Employees in the VRS Hybrid plan hired on or before Sept. 3.
- Employees who are not already contributing the maximum 4 percent to their Hybrid 457 plan.
To opt out of auto-escalation, members can log into Account Access at www.varetire.org/hybrid or call Participant Services at 877-327-5261 until Dec. 16.
To learn more about the Auto Escalation and other Hybrid Features, please attend an information session.
- Tuesday, Dec. 3: 9-10 a.m., Suite 2400, North End Center
- Thursday, Dec. 5: 2-3 p.m., Suite 2400, North End Center
Registration is not required for in-person sessions. Zoom sessions are available.