July VRS Employer Update

July 9, 2014

VACo Memorandum

TO: VACo Finance Steering Committee

FROM: Erik Johnston, Director of Government Affairs

SUBJECT: July VRS Employer Update

DATE: July 8

Copy: County Administrators, County Liaisons

The July VRS Employer Update was released yesterday and is available at http://www.varetire.org/employers/update/2014/jul.asp. The update includes a recap of the employer contribution rates and newly adjusted Other Post-Employment Benefit (OPEB) rates in the recently passed state budget.

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