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13 wrz 2023 · As its name suggests, a deferred compensation plan allows you to delay receiving part of your compensation until a later date. These retirement plans are offered by certain employers to a...
Members are considered deferred members if they have left covered employment but have not withdrawn their funds and have service credit in VRS or an account balance in a Virginia optional retirement plan.
Learn how mandatory and voluntary contributions fund your retirement and how to take advantage of your employer’s match. You contribute a mandatory 4% of creditable compensation each month to your defined benefit member contribution account on a pretax basis.
Contact a local or virtual DC Plans Retirement Specialist today. Reduce your financial stress and achieve your goals with myVRS Financial Wellness. Contribute more with increased contribution limits in 2024.
Your contributions are tax-deferred until you withdraw them as part of your retirement benefit or as a refund. Your employer makes a separate contribution to VRS for all covered employees. VRS invests contributions to provide for your future benefit payment.
9 lis 2024 · A deferred compensation plan withholds a portion of an employee’s pay until a specified date, usually retirement. The lump sum owed to an employee in this type of plan is paid out on that...
Select a Plan: Commonwealth of Virginia 457 Deferred Compensation Plan. Supplemental before-tax or after-tax savings options for state employees as well as participating political subdivisions and school divisions. Visit Site External Site Link Account Access
