To attract recruits, the company offers
a hybrid compensation plan in which associates can choose to pay the company a $ 500 - a-month desk fee plus a $ 250 fee per transaction in exchange for keeping 100 percent of their commissions.
Defined Benefit Component (http://www.varetire.org/glossary/index.asp#defined-benefit-component) The defined benefit component under the
Hybrid Retirement
Plan provides a retirement benefit based on the member's age, total creditable service and average final
compensation at retirement.
The defined contribution
plans administered or authorized by VRS include the Commonwealth of Virginia 457 Deferred
Compensation Plan, the Virginia Cash Match Plan, the defined contribution component of the Hybrid Retirement Plan, optional retirement plans for selected employees and a supplemental plan for certain school employ
Plan, the Virginia Cash Match
Plan, the defined contribution component of the Hybrid Retirement Plan, optional retirement plans for selected employees and a supplemental plan for certain school employ
Plan, the defined contribution component of the
Hybrid Retirement
Plan, optional retirement plans for selected employees and a supplemental plan for certain school employ
Plan, optional retirement
plans for selected employees and a supplemental
plan for certain school employ
plan for certain school employees.