Virginia Retirement Cash Flow is a financial benefit provided by the Virginia Retirement System (VRS) to eligible individuals who have retired from state or local government employment in Virginia. It ensures a steady stream of income during retirement, helping retirees maintain their standard of living and meet their financial needs. The Virginia Retirement Cash Flow is a defined benefit plan, wherein retirees receive a predetermined monthly payment based on their years of service, final average salary, and age at retirement. The VRS offers several types of retirement plans, designed to cater to the diverse needs of its members: 1. Plan 1: This is the traditional retirement plan for members who joined VRS before July 1, 2010. It provides a higher benefit multiplier based on length of service, with an early retirement option available at age 50 with at least five years of service credit. 2. Plan 2: Introduced on January 1, 2014, this plan is available for VRS members hired between January 1, 2014, and June 30, 2020. It uses a lower benefit multiplier than Plan 1 but allows members to participate in a defined contribution component, which includes a cash match and/or a tax-deferred retirement savings plan. 3. Plan 2 Hybrid: Designed for VRS members hired on or after July 1, 2020, this plan combines features of both a defined benefit and a defined contribution plan. It utilizes a reduced benefit multiplier compared to Plan 1 and offers an employer contribution towards an account that can be invested in various funds, allowing members to accumulate additional retirement savings. The Virginia Retirement Cash Flow is reliable and secure as it is backed by the financial strength and stability of the VRS. It ensures that retired public employees in Virginia have a consistent income stream to support themselves throughout their retirement years. Understanding the specifics of each retirement plan offered by VRS, individuals can make informed decisions regarding their retirement savings and secure their financial future.