Employer Update

VRS members now have access to Certified Financial Planning services provided through MissionSquare Retirement, the third-party record keeper for VRS defined contribution plans.

CFP^® professionals offer guidance and support to help members and retirees feel confident about their financial security and find a path forward for:

• Reducing debt.
• Budgeting.
• Protecting their loved ones.
• Optimizing Social Security benefits.
• Planning their estates.

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.

Financial plans are also available at a low cost if the member’s balance is below the VRS defined contribution plan (DCP) account balance threshold, or at no cost, if the member’s balance is above the account balance threshold:

• Goal-Specific Financial Plan: $175 per financial plan, if the member’s DCP account balance is less than $100,000, or the member does not have a DCP account.
• Comprehensive Financial Plan: $450 per financial plan, if the member’s DCP account balance is less than $200,000, or if the member does not have a DCP account.

CFP^® professionals do not sell products or services nor do they provide investment advice.

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 help understanding investment options, managing contributions and developing a strategy for their retirement plan.