Transcription of Hybrid Retirement Plan
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Hybrid Retirement Plan
Helping you plan for tomorrow, todayHybrid Retirement PlanHandbook for MembersYou are covered under the VRS Hybrid Retirement plan if your membership date is on or after January 1, 2014, and you are: A general state employee. A teacher or other professional employee of a local public school division. A general employee of a VRS-participating political subdivision (city, county, town, authority, commission) or non-professional employee of a public school division. A local law enforcement officer, firefighter or emergency medical technician whose employer does not provide enhanced hazardous duty benefits.
• An employee who elected the Hybrid Retirement Plan instead of an optional retirement plan (ORP) authorized or administered by VRS. Opt-In Members: If your membership date is before January 1, 2014, and you elected to transfer to the VRS Hybrid Retirement Plan from VRS Plan 1 or VRS Plan 2, your coverage became effective July 1, 2014.
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