VRS Reports 12.1% Investment Return
VRS reported a 12.1% return, net of fees, for the fiscal year. The strong return surpassed the actuarially assumed return of 6.75% and increased the fund’s market value to $135.2 billion. The fund’s returns for all periods exceeded VRS’ actuarial assumed rate of return. Investment earnings account for approximately two-thirds of all retirement benefit payments.
Learn More to Plan Better
Joining a VRS webinar can help you better understand your benefits and prepare for the future. Register for one of these upcoming sessions.
- VRS Overview | Tuesday, November 10, 11:30 a.m.
Learn how your retirement plan works, when you’ll be eligible to retire and resources available through your membership. - Are You on Track? | Wednesday, November 18, 1 p.m.
Review the building blocks of retirement readiness and learn how your VRS benefits fit into your broader financial future. - Your Next Steps | Friday, December 4, noon
Planning to retire within the next year? Learn what to expect before, during and after the retirement application process. - Benefit Payout Options | Tuesday, December 15, 11 a.m.
Compare your retirement payout options and understand the impact of each choice on your future benefit.
Visit the Education webpage to view recordings and schedule one-on-one counseling appointments.
Claim Your Online Accounts
Claiming your VRS online accounts helps you protect your personal information, simplifies account recovery and reduces the risk of unauthorized access. Make sure you’ve registered and can access both your myVRS account and your DCP account, if you participate in a VRS defined contribution plan.
- Use myVRS to view information about your pension and other VRS benefits, update your contact information and manage beneficiary designations for your pension and life insurance benefits.
- Use the DCP Account, if applicable, to monitor your additional retirement savings, review investment elections and manage beneficiary designations for your defined contribution accounts.
Once you’ve claimed your accounts, be sure to keep your contact information current, including your email address, mobile phone number and mailing address.
Need help? Contact VRS at 888-827-3847 for myVRS assistance or the Defined Contribution Plans Service Center at 877-327-5261.
IRS Contribution Limit Increases for 457 Plans
The IRS increased the contribution limits for tax-deferred savings plans for the 2027 tax year.
The annual contribution limits apply to:
- Voluntary contributions that Hybrid Retirement Plan members make to the Hybrid 457 Deferred Compensation Plan.
- Pre-tax contributions or Roth after-tax contributions made to the Commonwealth of Virginia 457 Deferred Compensation Plan.
- Contributions made to other supplemental 457 plans.
As a reminder, hybrid plan members should save the maximum 4% in voluntary contributions first to take full advantage of the employer match before contributing to other supplemental saving plans.
Review Your Member Benefit Profile
Your Member Benefit Profile is an annual statement that can help you identify gaps between your projected retirement income and your goals. Review your service credit, member contribution account balance and income projections, then explore tools and savings opportunities that could help strengthen your retirement plan. Log in to myVRS, select My History, then Annual Statements to access your MBP.
Rokasha Edmondson Joins VRS Board of Trustees
The Virginia General Assembly’s Joint Rules Committee recently appointed Rokasha Edmondson, Ed. D., to the VRS Board of Trustees. Edmondson is an educator with Hampton City Schools, as well as an author, mentor and community leader.
