Hybrid Members: See Hybrid Retirement Plan Education.

Course details and registration information are available for a variety of educational mediums. You can even sort topics based on your current educational needs.

  

Retirement Planning

  • Are You on Track? – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) educates you on your VRS membership and the importance of planning now for your future. Topics include an overview of your VRS benefits and optional programs, purchase of prior service and member resources such as our online self-service tool, myVRS.

  • Are You Ready to Retire? – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) who are within five years of retirement guides you through important retirement decisions (such as when to retire and selecting a benefit payout option). Other topics include using myVRS and benefits after retirement.

  • Your Next Steps – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) who are fewer than 12 months away from retirement walks you through the retirement application process. Topics include a timeline of action items, an overview of the required forms, post-retirement considerations (such as taxes and COLA) and your VRS resources after retirement.

  • Purchase of Prior Service – Considering purchasing prior service credit but not sure how it will impact your benefit or even if it's worth purchasing? Attend this webinar to learn more about the different types of prior service that can be purchased and credited to your service and how it affects your benefit. The webinar explains how to calculate the cost and the different methods of payment to choose from.

  • Hazardous Duty for Political Subdivisions – This webinar is for employees in VRS-covered positions who are eligible for enhanced hazardous duty benefits. Topics include eligibility and how other benefits, such as disability retirement and the purchase of prior service credit, affect enhanced hazardous duty.

  • Nearing Retirement Workshop – Planning to retire within the next five years? During this half-day workshop, industry professionals will share information to help you better prepare for the transition to retirement. Featured topics include social and psychological changes that accompany retirement, how to determine retirement costs and timing your Social Security benefit.

  • Building Retirement Security Workshop – Do you have financial goals? Perhaps you'd like to reduce your debt, start a family or establish a savings plan for a major purchase or retirement. Join us for this half-day workshop, featuring industry professionals who will cover a range of topics including credit and debt management, protecting your finances and retirement planning.

  • Reaching for the Horizon - Life in Retirement – You've worked hard, and now it's time to enjoy your retirement. With a little planning, you can ensure that you have financial resources for the things you need, and want, to do during your retirement. Join this webinar for a discussion of how to turn retirement assets into retirement security, estate planning for everyone and health care in retirement.

  • Starting Point - For Young Investors – When should you start saving for retirement? Now is a good time! As you begin your career, retirement should be something you save for along the way. Join us to learn about designing a budget, why you should start saving now, and investing basics.

  • Looking Ahead - Build Retirement Security – It's important to continue saving for retirement – even when other financial needs crop up. In this webinar, we'll discuss how to ensure that your future remains a priority even when life gets in the way. Join us to learn about designing a budget, why you should start saving now, and investing basics.

  • Eye on the Prize - Almost There! – Exciting times are ahead! As you approach the end of the accumulation phase of your career and into your spending phase of your life, you'll want to make sure the ride into retirement is a smooth one. In this webinar, we'll discuss how much retirement will cost, Social Security planning and our ready-to-retire checklist.


Financial Literacy

  • Banking flash icon – This module will explore how to choose a financial institution and the different types of bank accounts that are available. You'll also learn about electronic banking and compare different types of savings accounts.

  • Credit flash icon – In this module, you'll understand how to get credit and when to use it. We'll explore how interest rates work and why your credit score is so important.

  • Taxes flash icon – In this module, you'll learn how taxes are structured so you can maximize your income. You'll also learn about how income brackets and filing statuses impact your taxes. We'll explore two terms that cause many people problems - withholdings and taxable income. Finally, we'll walk through what forms to use when filing your taxes.

  • Investments flash icon – This module will explore the different types of investments so you can understand your choices. You'll learn what asset allocation means and why diversification is so important. Finally, we'll look closely at the benefit of managing your investments through the use of funds.

  • Financial Planning flash icon – This module will give you the tools to start your financial plan. We'll explore some popular financial goals, such as saving for college and retirement. And since no one knows what the future will hold, we'll talk about potential problems to plan for along the way.

  • Home Finance flash icon – In this module, we'll walk through what you can do to prepare for buying a home. We'll talk about what to expect from the buying process, as well as what happens after you've made an offer. We'll also explore how you may be able to lower your payments or tap into your home's equity once you own a home.


Benefit Topics

  • VRS Overview – This presentation for current Plan 1 and Plan 2 members (hired before January 1, 2014) provides details on your benefits as a member of the Virginia Retirement System. Topics covered will include the value of your benefit, vesting and retirement eligibility and ways to enhance your benefit for retirement.

  • Benefit Payout Options – Did you know there are four payout options to choose from when retiring? Or maybe you're just not sure which payout option to select. Learn the basics of a service retirement: retirement eligibility; how a benefit is calculated; the payout options to choose from.

  • Health Insurance Credit – Health insurance for some tends to be the largest deduction from a retirement benefit. Did you know a portion of your health insurance premiums may be reimbursed to you as a retirement benefit? This webinar will provide information on the Health Insurance Credit. We will talk about who is eligible for this credit, how the credit is calculated and how to apply for it.