Membership in the Virginia Retirement System (VRS) is automatic. The VRS retirement plan is a qualified 401(a) defined benefit plan which pays eligible members a lifetime benefit amount based on years of service, age, and compensation. VRS members may
also participate in the Virginia Deferred Compensation Plan. Additional information can be found at www.varetire.org.
The Commonwealth's Deferred Compensation Plan (DCP) is a voluntary tax-deferred retirement savings program that is available to individuals who are employed by the Commonwealth of Virginia in either a salaried or wage position. Additional information...