VRS provides planning resources and educational support to help employees take stock of where they are today and prepare for the future they envision. National Retirement Security Month in October is a timely opportunity to remind employees to check their retirement goals and savings strategy.
Share these messages with employees in October.
Get Started With myVRS
Register and log in to myVRS to access retirement planning resources and self-service features.
- Estimate your benefit using the myVRS Benefit Estimator to see what your pension might look like under different scenarios.
- Set an income-replacement goal and enter expected retirement income sources using the myVRS Retirement Planner, which includes calculators and a budgeting worksheet to help you plan.
- Start planning for tomorrow, today. Even if you’re not contemplating retirement, log in to myVRS to access your annual Member Benefit Profile, which provides an overview of your pension and other benefits.
Learn More With myVRS Financial Wellness
The myVRS Financial Wellness program can help you make informed and educated decisions on everyday financial matters.
Access more than 100 topics, including:
- Setting budgets and tackling debt.
- Understanding your money personality and managing financial stress.
- Estate planning and other family financial matters.
- Paying for college and repaying student loans.
Using your secure myVRS account, you can access articles, videos, customized action plans and more — all tailored to help you pursue and meet your short- and long-term financial goals.
Get Free Financial Planning Assistance
Get answers to your financial questions with a free education and coaching session from the Be Ready team of Voya Financial Advisors. Topics include:
- Budgeting and cash flow.
- Retirement income planning.
- Student loan repayment.
- Social Security.
- Healthcare planning in retirement.
Call 855-334-4862 to schedule a complimentary consultation.
Voya also offers free webinars on financial planning, investing, college savings and retirement income strategies.
Hybrid Retirement Plan Members: Don’t Miss the Match
It’s important to maximize your Hybrid Retirement Plan voluntary contributions at 4% to receive the full 2.5% employer match.
The hybrid plan combines the features of a pension plan (defined benefit) and a 401(k)-style plan (defined contribution). The defined benefit provides the foundation of your future retirement benefit. The defined contribution provides a tax-deferred savings plan for you to build on your defined benefit.
[If you offer the Commonwealth of Virginia 457 plan, include the following in your messaging.]
Once you reach the maximum 4% voluntary contributions in the hybrid plan, consider saving even more with the Commonwealth of Virginia 457 Deferred Compensation Plan, a supplemental tax-deferred retirement savings plan that allows you to set aside additional money for retirement. Even modest savings add up over time.
