Employer Update

Being financially capable means being able to manage money well – day to day and through significant life events. It requires three important skills – personal financial management, budgeting and investing. April is Financial Capability Month, a timely opportunity to focus employees’ attention on creating a solid financial future, which starts with building their money skills.

Why not kick off your financial capability messaging with VRS? We offer resources that address the money issues most people encounter at every stage in life:

myVRS

myVRS is a robust online portal to help members plan for retirement at every stage of working life. The goal-based Retirement Planner projects income and expenses in retirement and helps members gauge their retirement readiness. The Benefit Estimator allows members to experiment with different retirement scenarios and the estimated monthly benefit payment.

myVRS Financial Wellness

A great place for members to get a holistic view of their personal finances is through this free award-winning program. Self-paced and easy to use, myVRS Financial Wellness includes articles, videos, calculators, educational games, budgeting tools, webinars and courses, all designed to help users grow their knowledge and confidence in everyday financial decision-making.

Take advantage of the myVRS Financial Wellness toolkit for employers, which includes content and graphics to assist you with promotions to members.

Education and Counseling

Point employees to VRS Education and Counseling page for live and recorded webinars on benefits and retirement planning. In-personal and virtual counseling appointments are available.

Financial Planning Services

VRS members now have access to Certified Financial Planning Services provided through MissionSquare Retirement, the third-party record keeper for VRS Defined Contribution Plans. Employees can sign up for no-cost webinars and one-on-one 30-minute consultations with CFP professionals at varetire.org/make-a-plan.