The Virginia Retirement System (VRS) is a defined benefit plan that covers all full-time employees (7 hours or more per day). Defined benefit plans promise employees a lifetime monthly benefit payable at retirement. The amount of the retirement benefit is based on a specific formula that uses final average compensation, age and years of service. Employees must meet all other eligibility requirements.

  • Employer Code – 40210 – Professional Employees: Teachers, Clerical Staff, Supervisory Staff, Administrative Staff, Instructional Assistants, Secretaries, Nurses, School Nutrition Staff
  • Employer Code – 55610 – Non-Professional Employees: Maintenance, Custodians (and Nutrition Custodial staff), Bus Drivers

For more information log in to MyVRS.

Plan Handbooks

Employees pay 5% towards VRS benefit.


Employees should complete their Designation of Beneficiary Form online within their account only if they want benefits to be paid differently than the following order of precedence:

  • Spouse
  • Children & descendants of deceased children
  • Parents
  • Appointed executor or estate administrator
Buying Back Service

If you previously worked in a VRS covered position and received a cash-out or you were in the military, you may want to buy back your service. It's less costly if you apply within the first 3 years of rehire (VRS membership date). The cost is 5% of your earnings at the time of your Application for Purchase of Prior Service Credit (or 5% of the average of your highest 3 consecutive years of earnings, if higher than your current earnings). The cost to buy back service is much higher after 3 years.

You can retire and receive full or a reduced benefits as early as:


  • Age 50, 10 years of service (Reduced)
  • Age 55, 5 years of service (Reduced)
  • Age 65, 5 years of service (Full)
  • Age 50, 30 years of service (Full)


  • Age 60, 5 years of service (Reduced)
  • Normal Social Security retirement age, 5 years of service (Full)
  • Age and years of service equal 90 (Full)


  • Age 60, 5 years of service (Reduced)
  • Normal Social Security retirement age, 5 years of service (Full)
  • Age and years of service equal 90 (Full)
Leaving the Lynchburg City Schools but not Old Enough for Retirement?

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Social Security

Part of your retirement income will come from Social Security. Lynchburg City Schools pays 7.65% to Social Security in addition to the FICA taxes withheld from employees' pay checks. To find out more about your Social Security benefit, follow the link: