Category: Group Life Insurance Maximum Optional Life Insurance Benefit Increasing May 2024 The new maximum coverage amounts will increase July 1 for active members, spouses and retirees. myVRS Makes It Simple to Manage Benefits Online November 2023 Clicking “submit” is quicker than scrounging for an envelope and a stamp. That’s the convenience of using myVRS. FY 2024 Kicks Off With Changes – What You Need to Know July 2023 A new fiscal year brings new legislation, changes in retiree COLAs and important updates to VRS resources and websites. Employees Can Protect Loved Ones Now by Naming Beneficiaries June 2023 myVRS makes it easy for employees to update beneficiary information for their pension and group life insurance. Optional Life Insurance Rates Decrease July 1 for Certain Ages June 2023 The Optional Group Life Insurance Program will see an overall rate reduction of 5% effective July 1. New myVRS Feature: Online Access to Optional Group Life Insurance Benefits February 2022 Eligible members can now use myVRS to access their optional group life insurance coverage offered through Securian... Political Subdivision Actuarial Valuations to Provide New Contribution Rates January 2022 Later this month, VRS will email actuarial valuation reports, prepared as of June 30, 2021, to all political subdivision... Beneficiary Management Moved Online to myVRS October 2021 Members may now set up and update beneficiaries through myVRS for their defined benefit member account and group life insurance...
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