The Virginia Retirement System provides retirement, life insurance and long-term disability coverage for full-time employees of Franklin County Public Schools. All employees contribute a minimum of 5% of their salary to VRS. Contributions for retirement, life insurance and long-term disability are also made by the School Board.
Employees who were members of the Virginia Retirement System prior to July 1, 2010 are covered under Plan 1 provisions of the retirement system. Employees who became members July 1, 2010 or later are covered under Plan 2 provisions of the retirement system.