Virginia Retirement System (VRS)

Recent Publications by the Virginia Retirement System (VRS)


Plan Types

The Virginia Retirement System (VRS) administers the retirement plan for the City of Portsmouth. VRS has three different plans:

Plan 1

You are in Plan 1 if your membership date is before July 1, 2010 and you were vested (you had at least five years of creditable service) as of January 1, 2013. 

Review the Handbook for Plan 1 (PDF).

Plan 2

You are in Plan 2 if your membership date is before July 1, 2010 and you were not vested (you had fewer than five years of creditable service) as of January 1, 2013, or your membership date is on or after July 1, 2010. 

Review the Handbook for Plan 2 (PDF).

Hybrid

You are covered under the VRS Hybrid Retirement Plan if your membership date is on or after January 1, 2014, and you are:

  • An employee who elected the Hybrid Retirement Plan instead of an optional retirement plan (ORP) authorized or                       administered by VRS
  • A general employee of a VRS-participating political subdivision (city, county, town, authority, commission) or non-                      professional employee of a public school division.
  • A general state employee
  • A justice or judge of a court of record of the Commonwealth of Virginia, judge of a district court of the Commonwealth               of Virginia other than a substitute judge, or a commissioner of the State Corporation Commission of the Virginia                        Workers’ Compensation Commission if you were appointed or elected to an original term on or after January 1, 2014.                Please see the Judicial Retirement System Handbook for Members for your plan information.
  • A local law enforcement officer, firefighter or emergency medical technician whose employer does not provide                           enhanced hazardous duty benefits
  • A teacher or other professional employee of a local public school division.

Review the Hybrid Plan handbook (PDF) 

Review the Hybrid Retirement Plan Features and Highlights booklet (PDF) 

Get Started Today

Get started today learning more about retirement. If you should have any further questions or need additional information, you may visit the VRS website, contact VRS directly at 888-827-3847 or contact the City's Human Resource Management Department at 757-393-8626.Starting Your Hybrid Plan Adventure is an ideal resource view when members begin employment with the city.

Additional Retirement Information

Hybrid Plan Learning Channel

VRS invites you to the premiere of the Hybrid Retirement Plan Learning Channel, a new showcase featuring several short videos that lay out key aspects of the plan at different stages during members’ careers.

We encourage hybrid plan members to stream all seven videos:

 The channel also includes the overview video Starting Your Hybrid Plan Adventure, an ideal resource view when members begin employment with the city.