VRS Hybrid Plan

Eligible Employees

  • Full-time City of Norfolk employees are covered under VRS Hybrid Plan if hired or rehired after December 31, 2021. 
  • Other eligible employees include full-time City of Norfolk employees who elected to participate in the VRS during a special election window in calendar year 2022.
  • Full-time State employees, political subdivision employees, and judges are covered under VRS Hybrid Plan that were hired, appointed or elected on or after January 1, 2014. 

VRS Resources

Education

  • Hybrid Retirement Plan Features and Benefits Series
    This series provides hybrid plan members with an overview of their plan. These webinar(s) and classroom presentations improve your knowledge of the defined benefit (DB) and defined contribution (DC) components of the Hybrid Retirement Plan. Explore the payout options for the DB component and your investment options for the DC component. In addition, the webinar will highlight your other VRS benefits as a hybrid member. You will learn how to access your account and tap into retirement planning resources including publications and online tools. 
  • Defined Contribution (DC) Opportunities From webinars and one-on-one sessions, there are several ways to learn about the Defined Contribution component of the Hybrid Retirement Plan.
  • Retirement Planning Course details and registration information are available for a variety of educational mediums. You can even sort topics based on your current educational needs.

Voluntary Contributions

VRS Hybrid Plan members may contribute up to 4.0% to the Hybrid 457 Deferred Compensation Plan to get a 2.5% employer match.

My VRS button link Opens in new windowManage your VRS Benefits. Your online myVRS self-service account includes detailed information and helpful tools, including a retirement planner, and benefit estimator, as well as a financial wellness program. Retirees can monitor tax withholdings, monthly payments, direct deposit information, and other additional benefits.

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