Sign Up for VRS Member News
Sign Up for VRS Member News Stay updated on the latest announcements from the Virginia Retirement System (VRS). This newsletter is published quarterly and includes information about upcoming deadlines, webinars, and policy changes. Sign up at the VRS website.
Read MoreState Employee Assistance Program (EAP)
State Employee Assistance Program (EAP) All health plans offered to state employees and their dependents have employee assistance programs (EAPs). Included are up to four sessions at no charge for such services as mental health, alcohol or drug abuse assessment, child or elder care, financial, grief counseling, and legal services…
Read MoreVRS Selects New Record Keeper for Defined Contributions Plans
VRS Selects New Record Keeper for Defined Contributions Plans The Virginia Retirement System (VRS) Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS defined contribution plans (DCP) beginning January 1, 2025, subject to final contract negotiations. See news release. The selection follows…
Read MoreShared Savings Incentive Program for COVA Members
Shared Savings Incentive Program for COVA Members COVA Care, COVA HDHP, and COVA HealthAware members are eligible for the Shared Savings Program. These incentive programs offer cash rewards to members when they shop for better-value health care services. Not every facility will bring a reward. The programs are strictly voluntary.…
Read MoreIRS Increases Deferred Compensation Contribution Limits
IRS Increases Deferred Compensation Contribution Limits The Internal Revenue Service has increased the maximum dollar amount you may contribute in 2023 to tax-deferred savings plans, such as the Commonwealth of Virginia 457 Deferred Compensation Plan. The annual deferral limit for 457 plans for participants younger than age 50 has increased to…
Read MoreBeware of Unsolicited VRS Counseling Services
Beware of Unsolicited VRS Counseling Services VRS occasionally receives reports from members that various groups have contacted them to offer retirement counseling services or insurance products. Please be aware that VRS does not sell products or make unsolicited calls to offer services to members. All VRS counseling services are free…
Read MoreFamily and Medical Leave Act (FMLA) Update
Family and Medical Leave Act (FMLA) Update The Department of Human Resource Management (DHRM) has updated Policy 4.20 – Family and Medical Leave Act (FMLA). Effective January 10, 2023, Policy 4.20 changes the 12-month measurement period from the fixed 12-month period to a rolling 12-month period. Please review the…
Read MoreFor Fidelity Customers: Keep Your Information Up to Date
For Fidelity Customers: Keep Your Information Up to Date Do you have a Fidelity Investments plan? Enhance your digital presence and stay connected – update your contact and beneficiary information on file today! It takes less than five minutes and is the best way to stay up-to-date on information related…
Read MoreExclusive Pet Care Resources Through BrightHorizons
Exclusive Pet Care Resources Through BrightHorizons Looking for someone to walk the family dog while you’re at work? Need someone to watch your cat while you’re away? BrightHorizons Additional Family Supports has you covered. Mason employees get free member access to the following services through BrightHorizons’ online database: Find pre-screened…
Read MoreVRS Member Benefit Profile (MBP)
HR & Payroll News VRS Member Benefit Profile (MBP) If you are enrolled in a retirement plan with VRS (Plan 1, Plan 2, or Hybrid), your annual Member Benefit Profile (MBP) is available on your myVRS account. To view it, select the My History menu then select Annual Statements. The MBP…
Read MoreAccess Optional Group Life Insurance Benefits Through myVRS
Access Optional Group Life Insurance Benefits Through myVRS Eligible members can now use myVRS to access and manage optional group life insurance coverage with Securian Financial, the insurer for the VRS Group Life Insurance Program. Eligibility If your employer participates in the VRS Group Life Insurance Program, you are covered under…
Read MoreImportant Information for Kaiser Permanente HMO Members
HR & Payroll News Important Information for Kaiser Permanente HMO Members For urgent and emergency care while traveling out of state, Kaiser Permanente HMO members now have access to Cigna’s PPO Network of providers and facilities. To get care, they’ll simply need to present their digital ID card, available in…
Read MoreVRS Members: Be Alert for Unsolicited Retirement Counseling Services
VRS Members: Be Alert for Unsolicited Retirement Counseling Services From time to time, VRS receives reports from members and employers that various companies or groups have contacted them via email or phone to offer retirement counseling services or insurance products. Please be aware: VRS does not use unsolicited calls to…
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