Retirement

Road to Retirement

It’s never too early or too late to invest in your future, and the Division of Human Resources is here to help.

Retirement Notices:

VRS Hybrid Participants have until December 16 to elect voluntary contribution changes to be effective in January 2025. To adjust voluntary contribution percentages visit www.varetire.org/hybrid.

VRS DCP will change vendors from MissionSquare to VOYA effective January 2025. Visit the VRS DCP Transition page to view key dates for the transition.

Regular and restricted full-time and part-time salaried staff are covered by the Virginia Retirement System. Faculty employees may participate in the Virginia Retirement System or in an Optional Retirement Plan.

Voluntary retirement plans (403(b) and 457) allow you to invest additional money pre-tax or post-tax.

This video explains VRS, ORP, and voluntary retirement plans.