Retirement Announcements

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Next Hybrid Plan Voluntary Contribution Change Deadline

HR News Next Hybrid Plan Voluntary Contribution Change Deadline Hybrid Retirement Plan members can adjust their voluntary contribution elections on a quarterly basis – contributing up to 4% of their creditable compensation each month – to help meet their savings goals. Members can maximize a 4% voluntary contribution and will…

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VRS Defined Contribution Plan Webinars

HR News VRS Defined Contribution Plan Webinars MissionSquare Retirement is hosting a series of retirement webinars as well as offering individual consultations. Topics include: Overview of the 457 Deferred Compensation Plan and Cash Match Plan Understanding Your Investment Options Distribution Strategies View upcoming dates and register. If you have questions,…

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Fall Retirement Counseling Sessions with TIAA, Fidelity, and MissionSquare

Fall Retirement Counseling Sessions with TIAA, Fidelity, and MissionSquare TIAA, Fidelity, and MissionSquare visit Mason for individual consultations with members and non-members of the TIAA Optional Retirement Plan (faculty only) or 403(b) plans. Consultants can address specific concerns, review your investment strategy and portfolio allocations, and discuss retirement planning or…

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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.

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VRS 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…

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IRS 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…

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