Virginia Retirement System (VRS)

VRS provides a hybrid retirement plan and defined benefit retirement plans. Plan eligibility for each is determined by VRS membership date and employee type. In each plan, VCU makes employer contributions that fund defined retirement benefits and members contribute five percent of their own semi-monthly salaries to their individual member accounts. Member contributions are made on a pre-tax basis. 

VRS hybrid plan
VRS Defined Benefit Plans: VRS Plan1, VRS Plan 2 and VaLORS