VRS

Membership in the Virginia Retirement System (VRS) is mandatory for all full-time employees who are contracted to work at least 7 hours a day. The school division pays the required employer contribution and employees must pay 5% of their creditable compensation, which is taken via payroll deduction. If employees have never been in VRS before or they joined VRS after January 1, 2013, they will be enrolled in the VRS Hybrid Plan. They are required by VRS to pay 4% into VRS and 1% into a 401(a) defined contribution plan. Enrollees in the VRS Hybrid plan can elect to contribute up to 4% on the creditable compensation into the 457 plan and the employer will match up to 2.5% into the 401(a) plan. Employees with previous VRS service before January 1, 2013 are required to enroll in a VRS legacy plan.

HYBRID VRS INFO

VRS MEMBER GUIDE

Early Retirement Incentive Program

Fredericksburg City Public Schools offers from year to year an Early Retirement Incentive Program to all certified employees who meet certain eligibility requirements upon retirement. The program, which is referred to as ERIP, permits eligible employees to receive certain additional benefits.

Fredericksburg City Public Schools

Employee Benefits

Anthem Accident, Critical Illness, and Hospital Indemnity Plans

Commonwealth of Virginia 457 Deferred Compensation Plan and Virginia Cash Match Plan — VRS

Employee Assistance Programs

Employee Leave

Flexible Spending and Dependent Care Accounts

Health Insurance (Including Dental, Vision, and Prescriptions)

Health Savings and Limited Purpose Flexible Spending Accounts

LegalShield/IDShield Plans

Mentor Program

Retirement

Short/Long Term Disability Plans

Tuition Reimbursement Form