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What is the VRSP?

April 26, 2017vrsp

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What is the VRSP?

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The Voluntary Retirement Savings Program is available for employees to make additional contributions to a retirement plan. This was formerly referred to as GSRA or a Group Supplemental Retirement Annuity. Because there are multiple products offered for employees to use for savings, this has been renamed the Voluntary Retirement Savings Program. The IRS establishes the maximum that can be contributed to this 403(b) plan. Refer to the Benefits web site at http://www.uiowa.edu/hr/benefits/retire/saving.html under Saving Extra for Retirement for instructions to enroll.