Employer Update

There are two important reasons all VRS members should register for myVRS as soon as possible, and both involve security.

1. myVRS is now essential for member account management. Completing the identity-verification steps and establishing a password-protected online account improves member security and helps prevent fraudulent attempts to claim unregistered accounts.

2. The free retirement planning and financial wellness services available in myVRS can help members gain the knowledge and confidence to build a secure financial future.

Point employees in the right direction with the myVRS and myVRS Financial Wellness Toolkit. It includes ready-made content (email messages, articles, flyers, short posts and graphics) you can share across your workplace to help employees take a more active role in their own retirement planning and financial well-being.

Online Retirement and Beneficiary Management Coming to myVRS

Online retirement will become available to VRS members this summer through a gradual rollout by employer. Members who retire online in myVRS will find pre-retirement counseling information, including videos and step-by-step guidance at key decision points. The online application experience is designed to provide imbedded counseling, be intuitive and offer self-service. You should continue to provide your normal level of retirement counseling to employees, and they also may contact VRS for assistance at any point. In addition, members will gain access to set up and change beneficiaries online instead of submitting a paper form.

VRS has created a webpage to assist employers that includes:

• Refresher on online retirement certification process.
• Recorded Education & Training presentation.
• Responses to common questions.
• Overview of online retirement process for members.
• Summary of myVRS features coming online for members and retirees.