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.

As Financial Capability Month gets underway, you have an opportunity to focus employees’ attention on creating a solid financial future, which starts with building their money skills.

VRS offers 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.

Education and Counseling

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

Financial Planning Services

VRS members can access financial planning services provided through Voya, the third-party record keeper for VRS Defined Contribution Plans. Members can take control of their financial wellness by having a conversation with a financial professional from the Be Ready team of Voya Financial Advisors (VFA). These conversations are at no cost to the member.