Home | VRS

Defined Contribution Plans

Savings programs that put you in control of your future financial well-being

Defined Contribution Plans

Savings programs that put you in control of your future financial well-being

Select your plan

VRS offers the seven defined contribution savings plans to help members save for the future. These defined contribution plans are separate from your VRS retirement plan. Select a plan below to get more information or take action now to enroll or manage your account.

Hybrid Retirement Plan

A blended defined benefit and defined contribution plan for the majority of VRS members hired on or after January 1, 2014.

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 401(a)

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

Access plan tools & resources

Review DCP investment options

Explore personalized guidance and financial webinars

News and insights

Feature Spotlight

Auto-escalation

Auto-escalation helps you save more for retirement by automatically increasing your contribution amount from each paycheck to your retirement savings. 