Dreaming about retiring by the beach? Thinking about how you’ll spend your free time after working for Accomack County? Or are you still far away from retirement and wondering what steps to take? Accomack County employees benefit from the Virginia Retirement System, see the information below for further information:

Accomack County participates in the Virginia Retirement System (VRS) defined benefit plan. The plan provides retirement benefits for full time employees.

Plan 1 Retirement Benefit: The retirement benefit is determined by your age, highest 36 consecutive months of salary and years of service. VRS Plan 1 participants are eligible for full retirement benefits at age 65 with at least five years of service or at age 50 with at least 30 years of service. Participants may also retire as early as age 55 with at least five years of creditable service or as early as age 50 with at least 10 years of creditable service.

Plan 2 Retirement Benefit: The retirement benefit is determined by your age, highest 60 consecutive months of salary and years of service. VRS Plan 2 participants are eligible for full retirement benefits when the normal Social Security retirement age is reached and with at least five years of service credit, or when age and years of service equal 90. Participants may also retire early at age 60 with at least five years of service credit.

Visit the Virginia Retirement System website: https://www.varetire.org/

The retirement benefit is determined by your age, highest 60 consecutive months of salary and years of service. VRS participants are eligible for full retirement benefits when the normal Social Security retirement age is reached and with at least five years of service credit, or when age and years of service equal 90. Participants may also retire early at age 60 with at least five years of service credit. The percentage used to calculate the retirement benefit is lower than what is used for Plan 1 and Plan 2 employees. Employees use the defined contribution plan (retirement savings) to supplement their benefit.

Visit the Virginia Hybrid Retirement Plan website: http://www.varetirement.org/hybrid.html

Hybrid Plan Education: view a series of videos to learn about and understand your hybrid plan including voluntary contribution:  http://www.varetirement.org/hybrid/education/features-and-benefit-series.

Please click this  link to learn more about the Retiree Health Insurance Credit.

Please contact the Human Resources department if you have any questions or concerns at (757)787-5705 or email us at AskHR@co.accomack.va.us