Human Resources

Quarterly Deadline for VRS Hybrid Voluntary Deductions

Tue, 15 Mar 2016 4:00 PM - 4:00 PM

Virginia Retirement System Hybrid plan members may elect to contribute an additional voluntary .5 - 4% of creditable compensation to the Hybrid 457 Deferred Compensation Plan. This is in addition to the 1% mandatory employee contribution to the defined contribution plan. Of the first 1% voluntary contributions you contribute, JMU matches 1%; any additional percentage up to 4% is matched by JMU at .50%. Every quarter, you are allowed to increase/decrease your voluntary deductions to the 457 deferred compensation plan. If you are interested in receiving employer match monies, visit the Hybrid Retirement Plan website and set up your deductions by March 15 by 4:00 p.m. to be effective the next quarter, which begins April 1.

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