UPDATE: VRS RETIREMENT-EMPLOYEE CONTRIBUTIONS

Ben Hendrickson

May 5, 2012

Virginia Customers:
We have been advised that the employee-paid contributions to VRS Retirement can be done on a pre-tax basis (sheltering federal and state earnings) and that, for W2 purposes, will be considered a 414H plan. ?_When you create the new employee-paid VRS Retirement deduction descriptions, please use deduction type?_RETIREMENT FS?_and W2 deduction type?_414H.

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