Defined Contribution Plans
Virginia Retirement System (VRS)
Select your plan
VRS offers seven defined contribution savings plans to help members save for the future. These defined contribution plans are separate from your VRS defined benefit retirement plan. Select a plan below to get more information or take action now to enroll or manage your account.
Hybrid Retirement Plan (DC Component)
A blended defined benefit and defined contribution plan for the majority of VRS members hired on or after January 1, 2014.
COV 457 Deferred Compensation Plan
A supplemental before-tax and/or Roth after-tax savings plan for state employees and participating political subdivisions and school divisions.
Virginia Cash Match Plan
Supplemental before-tax savings plan for state employees and participating political subdivisions and school divisions.
ORP for Higher Education
Optional retirement plan for higher education institution personnel engaged in teaching, administration or research.
ORP for Political Appointees
Optional retirement plan for eligible appointees of the governor, lieutenant governor, attorney general and other eligible positions as defined by the Code of Virginia.
ORP for School Superintendents
Optional retirement plan for superintendents in participating school divisions.
Virginia Supplemental Retirement Plan
A 401(a) defined contribution plan for eligible personnel in participating school divisions hired on or after January 1, 2014.
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