VRS hikes contribution rates
US - The US$45bn Virginia Retirement System (VRS) board of trustees has raised contribution rates to 7.33% for state employees and 11.18% for Virginia teachers.
The higher rate becomes effective from July 1, 2006 through June 30, 2008, and will be submitted to the governor by the VRS board. Contribution rates are included in the budget, and will be reviewed and...
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