8:30 AM - 4:00 PM
5:00 PM - 6:00 PM
VRS Hybrid Plan Information Session
Many people have questions about how the Hybrid plan works. We have asked Steven Scott, the ICMA-RC representative for Northern Virginia, to come to the Kelly Leadership Center to present an overview of the Hybrid plan for our employees. We will be holding this event on Tuesday, December 2, 2014 from 5-6 p.m. at the KLC in room 1101A&B. You will need to RSVP to attend, as we do have limited space in this room. If you would like to attend, please email your RSVP to email@example.com.
VRS Hybrid Members have the option to make voluntary contributions to the Hybrid 457 plan on a quarterly basis and the next deadline to make additional contributions is December 15, 2014. PWCS encourages our Hybrid Members to review their options in order to decide if making additional voluntary contributions fits in with their overall financial plans. We hope that by attending this workshop, you will gain a better understanding of the plan to help in this retirement-planning decision.
Mr. Scott will also be available for one-on-one consultations on December 2 from 8:30 a.m. - 4 p.m. This is by appointment only, limited to the spaces available. Please contact me directly to schedule an appointment at firstname.lastname@example.org or 703.791.8927 if you wish to have a one-on-one consultation.
If you would like make voluntary contributions or register to monitor your account, visit www.varetirement.org/hybrid or call 1-877-327-5261, option 1 to select quarterly voluntary contributions. Once your elections are made, it will then be effective for the January 2015 payroll cycle.
The Office of Benefits & Retirement Services presents an annual retirement seminar and it is usually held in November. If you were unable to attend the presentation, the PowerPoint is available by clicking below:
Retirement Seminar 2014 PowerPoint
Retirement Seminar 2014 printable handout
Effective October 6, 2014, the State of Virginia recognized same-sex marriage. The Prince William County Schools (PWCS), in compliance with the state, will offer benefits to the spouse of any employee to whom they are legally married.
PWCS requires documentation demonstrating all insured dependents meet eligibility criteria. Employees who are able to provide proof of same-sex marriage prior to October 6, 2014 will have 30 calendar days from October 6, 2014 (the qualifying event date) to submit enrollment forms and applicable documentation before coverage will become effective. Employees marrying after October 6, 2014 will have 30 days from the date of their marriage to submit the required forms and documentation. The required forms, a Midyear Benefit Change Form and Enrollment/Change Forms can be found in the Benefits section under Forms and Publications at www.pwcs.edu.
The 2014 MBPs for Plan 1 and Plan 2 employees are now available in your myVRS accounts. The MBP is a valuable document that can help you plan for retirement, whether you were just hired or are thinking about retiring. To access your MBP, click on www.varetire.org/myVRS and login to myVRS. From your Account Home page, select the MBP link from the left column. From your MBP list, you may select your current statement as well as previous statements to view and print. Not registered? Register now.
All VRS employees can log in or register for myVRS at www.varetire.org/myVRS. MBPs are currently not available for Hybrid Retirement Plan members. However, these employees can look up their current defined benefit and defined contribution account balances and other information through myVRS.
If you have any questions about the MBPs for your Plan 1 and Plan 2 employees, please call VRS toll-free at 1-888-VARETIR (1-888-827-3847) to speak with an employer advisor (select menu option 3). You can direct any questions about benefits for your Hybrid Retirement Plan employees to the Hybrid Retirement Plan Support Team at 1-855-291-2285.
We are accepting requests for tuition reimbursements for FY 2014-15 for classes with end dates between July 1, 2014 through June 30, 2015 or tests taken between July 1, 2014-June 30, 2015. Going forward, we will be very strict with our regulation requriements:
- Reimbursement requests must be submitted upon registration for a course and must include a course description and proof of payment for the approval process. WE WILL NO LONGER ACCEPT PAPERWORK FOR COURSES AFTER THE END DATE OF THE COURSE.
- Courses and tests must be within the current fiscal year (July 1 - June 15) for eligibility.
- We must receive your grade of B or better within 45 days of completing your approved class.
- You must continue employment with PWCS for a full 12 months following receipt of a reimbursement or pay back the school division 100 percent of your reimbursement.
According to the most recent retirement study conducted by the Employee Benefit Research Institute, 56% of Americans don’t know how much they need to save for a comfortable retirement. If you are one of them, know that your Lincoln Financial Retirement Consultant is on hand to answer your questions and help manage your retirement plan.
Talk to your Retirement Consultant about the benefits of your employer-sponsored supplemental retirement plan. They can help you enroll in your plan, go over your investment options, name beneficiaries, or change your contribution rate. If you are approaching retirement, your Retirement Consultant can also help you understand how Social Security, your pension, and your retirement plan work together to provide you with income during your retirement.
We encourage you to directly contact the Lincoln Financial representative assigned to your school or location. Assignments and contact information may be found by clicking here. A retirement consultant is available at the Kelly Leadership Center by appointment on Wednesdays from 9 a.m. - 4 p.m. Please contact Jill Argueta at email@example.com or 703.791.8927 to schedule an appointment. Our Spanish Language representative is available the first Wednesday each month as well.
Members can have live, instant or planned visits with doctors seven days a week, 24 hours a day with the use of two-way video conferencing and instant messaging. The cost of this online visit is $49 total. Members pay their current PCP copay. The difference is charged to the group’s claim experience. This cost is much less than an urgent care visit or ER visit and even some doctor office visits.