Benefit Topics | Virginia Retirement System

Benefit Payout Options Plan Type: Plan 1 or Plan 2 Did you know there are four payout options to choose from when retiring? Learn more about each option to help you make your selection at retirement. You’ll also gain insights into retirement basics, like eligibility, and how a benefit is calculated. View / Register
Health Insurance Credit Plan Type: Plan 1 or Plan 2, Hybrid Retirement Plan For many, health insurance tends to be the largest deduction from a retirement benefit. But did you know a portion of your health insurance premiums may be covered as a retirement benefit? Learn about the health insurance credit, who is eligible, how it’s calculated and how to claim it. View / Register
Purchase of Prior Service Plan Type: Plan 1 or Plan 2 Learn about the types of prior service that can be purchased and credited to your member account and how it affects your retirement benefit. Discover how to calculate the cost of purchase, methods of payment and how to initiate the purchase process online. View / Register
VRS Overview Plan Type: Plan 1 or Plan 2 Knowing your VRS retirement plan is the starting point for understanding the member benefits available to you. Topics covered include the value of your benefit, vesting and retirement eligibility, along with ways to enhance your benefit for retirement. View / Register

Benefit Payout Options