Employer Update

April is Financial Capability Month, a chance for you to focus employees’ attention on creating a solid financial future — one supported by their employer and VRS.

Here are three suggestions to encourage employee engagement:

1. Point Employees to Resources in myVRS

Our secure online platform is essential for members and offers a host of resources. Registering for myVRS is also a security best practice for VRS members, who complete identity-verification steps like providing a current phone number and mailing address as part of establishing a password-protected account.

• The dashboard in myVRS displays retirement eligibility dates, a member’s account balance and other VRS benefits that employees might not even know.
• The myVRS Retirement Planner helps members project income and expenses in retirement and gauge their retirement readiness.
• The myVRS Benefit Estimator allows members to generate retirement benefit estimates and compare different scenarios, all with just a few clicks.

2. Share Tools for Financial Wellness

The nationally recognized myVRS Financial Wellness program helps VRS members make informed and educated decisions on everyday financial matters while saving for the future. Through their secure myVRS account, employees can find tools, tips and time-savers in a variety of formats designed with their needs in mind.

Beyond saving and retirement, VRS administers other benefits that play big roles in how members plan for their futures.

• Our Education and Counseling resources will help your employees understand more about topics like the health insurance credit, purchasing prior service or hazardous duty benefits.
• VRS counselors are available in person, by phone or virtually to help active and retired members at every stage. Encourage your employees to take advantage of this resource. They can easily schedule an appointment for online or virtual counseling, whichever they choose. Book an appointment now.

3. Counsel Employees Through Your Existing Channels

Consider running a short, internal campaign that highlights one VRS topic each week, such as saving for retirement or purchasing prior service credit. Share quick tips through email, the intranet or digital signage, and link directly to VRS tools online. Keeping it bite-sized makes it more likely that employees will engage with your message.

April also features America Saves Week (April 6-10), with a specific theme for each day:

• Monday, April 6 | Building A Strong Foundation
• Tuesday, April 7 | Expect the Unexpected
• Wednesday, April 8 | Dream Big, Plan With Purpose
• Thursday, April 9 | Rewrite the Debt Narrative
• Friday, April 10 | Your Story, Your Future