VRS Hybrid Defined Contribution Plan

Why You Should Be Saving

• Employer Match - Consider boosting your voluntary contribution amount to 4.0%.  If you save 4.0%, you’ll receive 2.5% in employer matching contributions!
• Members can elect a voluntary contribution between 0.5% and 4.0%.  The maximum employer match is 2.5%.  For details, view the Hybrid Retirement Plan Contribution Illustration.
• Learn how mandatory and voluntary contributions fund your retirement and how to take advantage of your employer’s match.

Maximize Savings

• You can save more for retirement by also participating in one of the City's voluntary supplemental plans (457 or Roth IRA).  
• Remember to maximize your voluntary contribution to the Hybrid 457 Plan first to take full advantage of the employer match.  Total contributions to both plans cannot exceed IRS annual contribution limits.
• More information about how to contribute to your Hybrid Retirement Plan can be found in the Your Plan Guide - Hybrid Retirement Guide and the VRS Hybrid Plan Handbook