Hybrid Members: See Hybrid Retirement Plan Education.
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.
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.
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 retirement. Join this seminar for a discussion on how to turn retirement assets into retirement security, estate planning for everyone and health care in retirement.
Starting Point: For Early Career 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: Prioritizing Saving for Retirement – It's important to continue saving for retirement mid-career — even when other financial needs crop up. In this seminar, 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! – For late-career members, exciting times are ahead as retirement approaches. Make sure the ride is a smooth one. In this webinar, we'll discuss how much retirement will cost, Social Security planning and our ready-to-retire checklist.
Hazardous Duty - SPORS – This webinar explains retirement eligibility requirements, discuss the hazardous duty supplement and understand the multiplier that is used to calculate the service retirement benefit. It also provides the resources available to help you get starting on planning your future.
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.
Financial Literacy Month
5 Steps to Protect Yourself Financially from the Impact of the Coronavirus – Keeping yourself financially safe during this time of uncertainty can definitely be a challenge. Get some practical tips to help you weather this storm from Virginia Credit Union.
5 Things to Think About When Deciding to Apply for Social Security Retirement Benefits on Facebook – Are you confident about your retirement? Watch this facebook video to discover tips to help you choose what's right for you.
Benefit Payout Options Webinar – 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.
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.
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.
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 Hybrid Plan 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, the different methods of payment to choose from, and how to initiate the process.