Information sessions available for Hybrid Retirement Plan participants

From: Division of Human Resources

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.

To learn more, members may visit the hybrid member website or contact the HR Service Center at hrsevicecenter@vt.edu or at 540-231-9331.