💫 The More You Know 🌈 See below for where @vea4kids stands on retirement security: OUR POSITION 🍎 VEA believes that a secure, guaranteed, adequate pension is essential for a healthy system of public schools. A strong pension system is directly related to student success, because students can thrive only if Virginia is able to recruit and retain the very best individuals in the profession. 🍎 VEA opposes any effort to diminish retirement benefits for public school employees. In Virginia: 🍎 The funding status of the Virginia Retirement System slipped from 100 percent in 2001 to just under 70 percent by 2016, but the General Assembly is now committed to a schedule to fund actuarially recommended payments to increase the funding status. The traditional Defined Benefit (DB) plan offered to Virginia school employees prior to 2010 was amended with the creation of three different Plans: Plan 1, affecting employees hired after July 1, 2010; Plan 2, affecting employees hired after Jan. ...