Features & Benefits Series
Features & Benefits Webinar – Improve your knowledge of the defined benefit (DB) and defined contribution (DC) components of the Hybrid Retirement Plan. Explore the payout options for the DB component and your investment options for the DC component. In addition, the webinar will highlight your other VRS benefits as a hybrid member. You’ll learn how to access your account and tap into retirement planning resources including publications and online tools.
Thursday, March 2, 2017
2:00 p.m. – 3:00 p.m. ET
The Hybrid Retirement Plan Features and Benefits Series provides hybrid plan members with an overview of their plan. The six-part video series includes an introduction to the plan and a description of how contributions and investments are handled, along with an explanation of the benefits available to hybrid plan members and retirement eligibility.†
Exploring Your Hybrid Retirement Plan – Introduces you to your retirement plan and the components of the plan. This video outlines who is eligible for the hybrid plan and how maximizing your contributions can help you meet your retirement goals.
Understanding Your Contributions – Explains how you and your employer make contributions to each component of the Hybrid Retirement Plan. This video describes both mandatory and voluntary contributions, and how you can maximize your employer’s match. In addition, this video discusses what happens if you leave covered employment and take your money out of the plan instead of waiting to receive a retirement benefit, if you become eligible.
Choosing Your Investments – Describes the three different investment paths available to Hybrid Retirement Plan participants: Do-It-For-Me Path, Help-Me-Do-It Path, Do-It-Myself Path. This video will introduce you to investment terms and help you decide which path is right for your investment style.
Navigating Account Access – Introduces you to the ICMA-RC tool that will enable you to make investment changes and manage the funds in your defined contribution account. This demonstration walks you through the most frequently accessed screens used to find information and make changes to your account.
Exploring Other Member Benefits – Introduces you to the benefits available to both active members and retirees in the Hybrid Retirement Plan. This video provides high-level information about disability coverage, long-term care, life insurance, health insurance and the health insurance credit, cost-of-living adjustments and purchasing prior service credit.
Preparing for Retirement – Explores when you’ll be eligible for either a reduced or unreduced retirement benefit from the defined benefit component of the hybrid plan. In addition, this video explains the payout options available to you at retirement and distribution options available to you whenever you leave your VRS-covered position.
†Some provisions related to the voluntary contributions and associated employer match may differ for school division employees who have elected to use an employer-sponsored hybrid 403(b). For additional information, contact your human resource office.vrs