The hybrid plan combines elements of a traditional defined benefit (DB) pension plan and a defined contribution (DC) plan that is similar to a 401(k).

How the Hybrid Plan Works

Discover how the two components of your plan work together and the vital role you play in saving for your future.

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Defined Benefit

Provides the foundation of your future retirement benefit when you qualify.

Pays a lifetime monthly retirement benefit based on age, total service credit and average final compensation.

VRS manages the investments and related risk for this component.

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Defined Contribution

Provides a tax-deferred savings plan in addition to your defined benefit pension.

Provides a balance to draw from during retirement. Your balance is based on contributions by you and your employer to the plan and the investment performance of those contributions.

You manage the investments and related risk for this component.

Defined Contribution Plan siteExternal Site Link Account Access

Learn More About Your Hybrid Plan

Learn how the defined benefit and defined contribution components of your plan work together to help you meet your retirement goals.

Learn how mandatory and voluntary contributions fund your retirement and how to take advantage of your employer’s match.

Explore the Hybrid Learning YouTube Channel

Hybrid Plan Membership

Your membership date is on or after January 1, 2014, and you hold one of these positions:

State employee

full-time permanent, salaried.

Public college or university faculty member

ineligible for hazardous duty benefits.

Public school division teacher or administrative employee

full-time permanent, salaried.

Employee of a political subdivision

(city, county, town, authority, commission), full-time permanent, salaried and ineligible for hazardous duty benefits.

Local law enforcement officer, firefighter or emergency medical technician

whose employer does not provide enhanced hazardous duty benefits or the hazardous duty alternate option.

Judge

appointed or elected to an original term on or after January 1, 2014.

Employee who elected the Hybrid Retirement Plan

instead of an optional retirement plan (ORP).

Popular Hybrid Publications