Defined Contribution Plans
Virginia Retirement System (VRS)
Select your plan
VRS offers seven defined contribution savings plans to help members save for the future. These defined contribution plans are separate from your VRS defined benefit retirement plan. Select a plan below to get more information or take action now to enroll or manage your account.
Hybrid Retirement Plan (DC Component)
A blended defined benefit and defined contribution plan for the majority of VRS members hired on or after January 1, 2014.
COV 457 Deferred Compensation Plan
A supplemental before-tax and/or Roth after-tax savings plan for state employees and participating political subdivisions and school divisions.
Virginia Cash Match Plan
Supplemental before-tax savings plan for state employees and participating political subdivisions and school divisions.
ORP for Higher Education
Optional retirement plan for higher education institution personnel engaged in teaching, administration or research.
ORP for Political Appointees
Optional retirement plan for eligible appointees of the governor, lieutenant governor, attorney general and other eligible positions as defined by the Code of Virginia.
ORP for School Superintendents
Optional retirement plan for superintendents in participating school divisions.
Virginia Supplemental Retirement Plan
A 401(a) defined contribution plan for eligible personnel in participating school divisions hired on or after January 1, 2014.
VRS Home
Learn more about the other plans and benefits offered by the Virginia Retirement System.
Additional Resources and Guidance
News and insights
Boost Your Savings, Your Way
On January 1, 2026, Hybrid Retirement Plan Members contributing less than 4% to the Hybrid 457 Deferred Compensation Plan will have their contributions automatically increased by 0.5%
Reading Your Statement
Review this guide to understanding your Voya® account statement.
Navigating Market Volatility
Learn how to better navigate the ups and downs of today's markets.
Need Help?
Locate and contact your DC Plans Education Specialist to schedule one-on-one counseling.
Tools & Resources
Access digital educational tools and resources to help you gain better money habits and plan your financial future.
Historical Records
Access past statements and tax forms from the MissionSquare Retirement website.
Transition News
Get the latest news and important information about the VRS DCP transition to Voya Financial.
