What’s New Posts
Congratulations to those employees who have reached milestone years! Check out the list of February Service Award Recipients
Students and faculty of UMW will receive a membership discount from Costco – this offer has been extended – details.
Most of us say we don’t have time to improve our health – but do you have 10 minutes? Come learn about CommonHealth’s Guide to Staying Healthier in 2014 – more details: Take 10.
ATTENTION: Virginia Retirement System Plan 1 and Plan 2 Participants
The Special Edition of Member News is now available, which features information on the new Hybrid Retirement Plan. The VRS Hybrid Retirement Plan combines the features of a defined benefit plan, which pays a monthly retirement benefit based on age, total service credit and average final compensation, and a defined contribution plan, which provides a retirement benefit based on contributions and the investment performance of those contributions. Current Plan 1 and Plan 2 Participants may opt in during the opt-in period and plan changes will be effective July 1, 2014.
To view the Special Edition of Member News, please go to: http://varetire.org/pdf/publications/member-news-december-2013.pdf or view the Hybrid Retirement Plan site at http://www.varetire.org/members/benefits/hybrid/index.asp
VRS Participants ONLY – Your 2013 Member Benefit Profile (MBP) is available through your myVRS account.
What does this mean for you? The MBP is your online annual benefit statement based on information the University has reported to VRS as of June 30, 2013.
It’s an important resource for planning your future.
- Want to know how much money you have in your member account?
- Want to see an estimate of your monthly benefit when you retire, and
- when you can retire?
You will be able to find all this information in your 2013 Member Benefit Profile. http://www.varetire.org/pdf/publications/mbp-flyer-2013.pdf
A number of discounts are available through the Department of Human Resource Management: http://www.dhrm.virginia.gov/employeediscounts.html