Navigator
Three Ways You Can Help Employees Build a Secure Future
National Retirement Security Month affords you an opportunity to reengage with employees about their future. Are they on track with their savings goals? How familiar are they with their VRS retirement plan and benefits? Are they confident in their financial knowledge?
1. Encourage Employees to Use Their MBPs and myVRS to Stay on Track
Member Benefit Profiles for 2021 are available in employees’ myVRS accounts.
The MBP is a member’s annual benefit statement—a snapshot in time—based on information reported as of June 30. It provides information on the member’s account balance, retirement eligibility and eligibility for other benefits, such as group life insurance and the health insurance credit.
myVRS provides real-time member account information. Used together, myVRS and the MBP help members stay on track with retirement savings goals.
Use sample messaging from VRS to help you promote the value of MBPs to employees. Copy and paste the content into internal communications, such as an email or newsletter.
2. Contact VRS to Schedule Virtual Support
The VRS Member Outreach team provides support, education and resources to Plan 1 & Plan 2 members in five regions across the state: Central, Northern Virginia, Southwest, Tidewater and Western. A dedicated outreach counselor is available in each region.
Schedule a virtual support session.
3. Share the Benefits of Financial Wellness
The award-winning myVRS Financial Wellness program aims to help VRS members make informed and educated decisions on everyday financial matters while saving for the future.
The more employees engage with myVRS Financial Wellness, the more tailored the content recommendations become. Based on their activity, the program surfaces videos, tools and other resources to keep the progress going.
Certified Financial Planning Services Now Available
VRS members now have access to Certified Financial Planning services provided through MissionSquare Retirement, the third-party record keeper for VRS Defined Contribution Plans.
Members and retirees may sign up for no-cost webinars and one-on-one 30-minute consultations with CFP® professionals at varetire.org/make-a-plan. Spouses and loved ones are welcome to be a part of the conversation.
These financial planning services are in addition to customer support provided by DC Plans Specialists. Members and retirees with defined contribution plan accounts should continue to contact DC Plans Specialists for plan-specific questions.
