Virginia VRS pays 1.7% a year (Plan 1), 1.65% (Plan 2, on service from 2013) or 1.0% (Hybrid pension part) of average final compensation. Plan 2 and Hybrid are unreduced at full Social Security age with 5 years or when age plus service equals 90. Plan 1 is unreduced at 65, or 50 with 30 years.
Plan 1 (hired before July 2010, vested by 2013)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 56 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 57 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 58 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 59 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 60 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 61 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 62 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 63 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 64 | 17.0* | 25.5* | 34.0* | 42.5* | 51.0% | 59.5% |
| 65 | 17.0% | 25.5% | 34.0% | 42.5% | 51.0% | 59.5% |
| 66 | 17.0% | 25.5% | 34.0% | 42.5% | 51.0% | 59.5% |
| 67 | 17.0% | 25.5% | 34.0% | 42.5% | 51.0% | 59.5% |
Plan 2 (hired July 2010 – 2013)
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | — | — | — | 57.8% |
| 56 | — | — | — | — | — | 57.8% |
| 57 | — | — | — | — | — | 57.8% |
| 58 | — | — | — | — | — | 57.8% |
| 59 | — | — | — | — | — | 57.8% |
| 60 | 16.5* | 24.8* | 33.0* | 41.3* | 49.5% | 57.8% |
| 61 | 16.5* | 24.8* | 33.0* | 41.3* | 49.5% | 57.8% |
| 62 | 16.5* | 24.8* | 33.0* | 41.3* | 49.5% | 57.8% |
| 63 | 16.5* | 24.8* | 33.0* | 41.3* | 49.5% | 57.8% |
| 64 | 16.5* | 24.8* | 33.0* | 41.3* | 49.5% | 57.8% |
| 65 | 16.5* | 24.8* | 33.0* | 41.3% | 49.5% | 57.8% |
| 66 | 16.5* | 24.8* | 33.0* | 41.3% | 49.5% | 57.8% |
| 67 | 16.5% | 24.8% | 33.0% | 41.3% | 49.5% | 57.8% |
Hybrid (hired 2014 or later), pension part
| Age | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs | 35 yrs |
|---|---|---|---|---|---|---|
| 55 | — | — | — | — | — | 35.0% |
| 56 | — | — | — | — | — | 35.0% |
| 57 | — | — | — | — | — | 35.0% |
| 58 | — | — | — | — | — | 35.0% |
| 59 | — | — | — | — | — | 35.0% |
| 60 | 10.0* | 15.0* | 20.0* | 25.0* | 30.0% | 35.0% |
| 61 | 10.0* | 15.0* | 20.0* | 25.0* | 30.0% | 35.0% |
| 62 | 10.0* | 15.0* | 20.0* | 25.0* | 30.0% | 35.0% |
| 63 | 10.0* | 15.0* | 20.0* | 25.0* | 30.0% | 35.0% |
| 64 | 10.0* | 15.0* | 20.0* | 25.0* | 30.0% | 35.0% |
| 65 | 10.0* | 15.0* | 20.0* | 25.0% | 30.0% | 35.0% |
| 66 | 10.0* | 15.0* | 20.0* | 25.0% | 30.0% | 35.0% |
| 67 | 10.0% | 15.0% | 20.0% | 25.0% | 30.0% | 35.0% |
Percent of final average salary, before tax and before any survivor-option reduction. Green cells are unreduced. An asterisk means the plan applies its own early-retirement table, so the amount you receive is lower than the figure shown. A dash means you cannot retire yet at that age and service.
Turning a percentage into dollars
Multiply the percentage by your final average salary and divide by twelve. At 60% of an $80,000 average, the pension is $48,000 a year, or $4,000 a month. Plan 1: highest 36 consecutive months. Plan 2 and Hybrid: highest 60 consecutive months. The Virginia VRS calculator does the arithmetic for any age, service and salary, and the pension by years table shows monthly amounts at common salaries.
How to use the chart
Find your expected service in the columns and read down to see how the benefit changes as you wait. The jump from one row to the next shows what an extra year at work is worth. When a whole row turns green, that age is unreduced for that service. To find the exact day you reach it, use the retirement date finder.