In 2020, the world was forever changed by the coronavirus pandemic. As COVID-19 quickly spread across the globe, states across the U.S. began implementing strategies to prepare and brace for the impact of this new virus. The Virginia Retirement System (VRS) acted quickly, creating a new playbook to help keep members, employers and retirees informed, educated and on track for retirement.
Given the uncertainty around the virus, increased market volatility and legislation enacted to meet these challenges early in the pandemic, VRS partnered with MissionSquare Retirement (formerly ICMA-RC), the third-party record keeper for its defined contribution plans (DCP), to develop strategic initiatives, including adopting new plan provisions for coronavirus-related relief, developing staying connected communications and virtual retirement education opportunities.
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- July 28, 2021 Create Date
- August 31, 2023 Last Updated
