Full-time employees hired prior to July 1, 2010, in any Virginia public schools is considered a Plan 1 member. The Virginia General Assembly, in its 2010 session, passed legislation implementing new plan provisions for employees hired or rehired on or after July 1, 2010. The new plan provisions are called the VRS Plan 2. The Virginia General Assembly has since implemented an additional retirement plan for anyone hired after January 1, 2014. This new plan is called the Hybrid Retirement Plan.
Waynesboro City Schools offers retirement benefits through the Virginia Retirement System (VRS) for all full-time employees working a minimum of 35 hours per week.
The Virginia Retirement System fund provides future lifetime monthly benefits to eligible retirees. For more information about VRS, including retirement eligibility requirements, visit their website at www.varetire.org. VRS can be contacted by phone at 1-888-827-3847.
MyVRS is a secure member online service which allows members to access their own VRS accounts. Through myVRS, members can view their most recent member benefit statements, change personal information, and create retirement estimates based on live data from the employee’s file, among many other features. Purchase of Prior Service Credit and Request for Refunds must be completed through myVRS, effective 1/1/2018. For more information about myVRS, go to www.varetire.org and click on the section “About myVRS” in the members tab.