Retirement Announcements

You're viewing a select category of posts. For all HR News posts, please view the HR News Hub.


 

2025 Retirement Planning: Contribution Limits and Beneficiary Update

2025 Retirement Planning: Contribution Limits and Beneficiary Update As the year comes to a close, now is a great time to review your retirement contributions and plan for any adjustments in the new year. The IRS has announced increased contribution limits for 2025, giving you an opportunity to boost your…

Read More

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 More

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…

Read More