Retirement
Virginia Retirement System (VRS)
Full-time and part-time C, D and M-scale employees hired after July 1, 2001, and A, E, G, P, T, X-scale employees and Extended Day Supervisors who work at least half-time automatically are members of the VRS. As of July 1, 2012, members of VRS pay a pre-tax 5.0% contribution as determined by the State. Membership is mandatory for employees in covered positions. Members are vested in the system after five years service. At the time of retirement for employees in Plan 1 (service credit prior to July 1, 2010), the amount of the annuity to which the retiree is entitled is calculated based on the retiree's 36 highest consecutive months of salary, the retiree's years of service under the VRS and the retiree's age at the time of retirement (age 50 with at least 10 years service credit or age 55 with at least 5 years service credit). For employees in Plan 2, the amount of the annuity to which the retiree is entitled is calculated based on the retiree's 60 highest consecutive months of salary, the retiree's years of service under the VRS and the retiree's age at the time of retirement (minimum age 60 with at least five years of service).
A, E, G, P, T, X-scale employees and Extended Day Supervisors who retire with 15 or more years of VRS service are entitled to receive a credit of $4.00 per month for each year of VRS service up to a maximum of 30 years ($60.00 to $120.00 per month) to defray their health insurance premium costs.
VRS Customer Contact Center: 1-888-VARETIR (1-888-827-3847)
VRS Web site:
https://www.varetire.org/myVRS/ Retirement quotes are available online through MYVRS.
VRS MemberNews newsletter is now only published online. To view the Spring 2012 issue
click here. To view the latest VRS MemberNews letter
click here.
Questions to our Benefits Retirement Specialist: 703-228-8627
Arlington County Employees Supplemental Retirement System
A, E, G, P, T- scale employees and Extended Day Supervisors hired before February 1981 are covered by VRS and by Chapter 35 of the Arlington County Employees Supplemental Retirement System.
C, D and M-scale employees hired before February 1981 are covered by Chapter 21 of the Arlington County Employees Supplemental Retirement System. Full-time and part-time maintenance, custodial, transportation and cafeteria employees, and 27-hour Extended Day Aides, who were employed after February 1981 and before July 1, 2001, and who opted not to be covered by VRS, are members of Chapter 46 of the Arlington County Employees' Supplemental Retirement System (ACERS). ACERS members contribute 4.0% of their salaries to the retirement system in pre-tax dollars and 1.0% pre-tax to a 457 plan with TIAA-CREF.
Like VRS, at the time of retirement, the annuity to which a retiree is entitled is calculated based on the retiree's thirty-six highest consecutive months of salary, the number of years of service under the system, and the age at the time of retirement.
