Online Retirement Speeds the Application Process for Members
myVRS is one of the most important resources available to employees. This secure, online system helps prepare them for the future and provides personalized, real-time benefit information. Rather than submitting paper forms, myVRS also allows employees to conveniently update account information online. Many members can complete an online retirement application through myVRS.
Simple process:Counsel retiring employees to log in and explore the Retirement Planning section in myVRS.
Members eligible to retire online will see the Apply Now button when they select Apply for Retirement in the Manage My Benefits drop-down menu. If they do not see the button, they will see a message that VRS cannot accept their online application at this time, and they can submit a paper application directly to VRS.
The online application experience is designed to be intuitive, supporting members through the retirement process by providing pre-retirement counseling information, including videos and step-by-step guidance at key decision points.
You should continue to provide the normal level of counseling to employees as they prepare to retire, especially regarding employer benefits.
Upon online submission, members will receive a confirmation email and can follow the status of their submitted applications via the Pending Transactions page in myVRS.
Online certification: This process remains the same in myVRS Navigator. To certify retirements, go to the Organization menu option and select Retirement Certification.
Members can do more with myVRS: In retirement, members will use myVRS to manage their beneficiary, direct deposit, health insurance credit (if eligible) and optional group life insurance information.