Investor Presentaiton
Employer Contribution Rate -
Teacher Plan - Fiscal Years 2025 & 2026
V Virginia
Retirement
RS System
Estimated defined
contribution
component no
longer included in
the employer
contribution rate.
8.25%
0.28%
5.68%
Total Defined
Benefit Rate
14.21%.
15
■Employer Normal Cost Admin Expense
■UAL payment ■ DC Hybrid
■ Effective July 1, 2024, the Board-certified retirement contribution rate no longer includes an amount for expected contributions to
the defined contribution component of the Hybrid Retirement Plan.
In addition to paying the defined benefit rate shown above, the employer is also responsible for funding the employer contributions
to the defined contribution plan on behalf of hybrid plan members which will be between 1.0% -3.5% of a hybrid plan member's
payroll depending on the match of employees' voluntary contributions.
■ For budgeting purposes, VRS recommends that employers review their most recent MissionSquare remittance related to employer
mandatory and matching contributions to the hybrid plan to determine the current funding amount.View entire presentation