Benefit Education Keeping Employees and Employers Informed Division of Retirement and Benefits.

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Presentation transcript:

Benefit Education Keeping Employees and Employers Informed Division of Retirement and Benefits

Employer Benefits Cost of member education is paid by employer contributions Employers offer a benefit package to their employees, including a retirement system Defined Benefit Plans Defined Contribution Plans

Benefit of Providing Education Recruitment Retirement system important to prospective employees Retention Longer term employees working toward retirement goal Increased job satisfaction

R&B Education Services Retirement Customer Service Center Monday through Friday 10:00 a.m. to 3:30 p.m. Multiple technicians available to answer member questions Routine questions answered with one call

R&B Online Retirement & Benefits Web Site: alaska.gov/drb Plan documents Frequently asked questions Links to other retirement-related sites

R&B Online Member Services: myRnB/myAlaska Active members  Account summary  Calculators Retired members  Direct deposit information (soon to be released)

Great West Retirement Services Online Great West Web Site: akdrb.gwrs.com Account balances Investment options Reality Investing options Toll free numbers for help  Key Talk  Great West Anchorage office  Advised Assets Group

Benefit Fairs Defined Benefit & Defined Contribution Plans AlaskaCare Retiree Medical, Dental-Vision- Audio, and Long-Term Care Plans AlaskaCare for active employees in state health insurance plan Optional benefits for active employees Financial education from Great West Social Security and Medicare information

Seminars Offered in Juneau and Anchorage on a regular basis Offered in other areas of state during regional counselor visits Online seminars Web Ex seminars

Retirement & Benefit Counselors In-House Counselors General counseling services – in person or by telephone  Retirement eligibility and estimates  Retiree medical benefits  Death and disability benefits  Divorce and dissolution

Retirement & Benefit Counselors Regional Counselors By area – regularly scheduled field visits  One-on-one appointments  Group meetings  Seminars

Great West Representatives Representatives in Anchorage Appointments in office Telephone appointments Employer site visits  One-on-one appointments  Group meetings  Seminars

Conclusion As an employer, part of the benefit package that you offer is a retirement system. The division strives to educate your employees on this valuable benefit that you provide. Allow employees to attend educational opportunities during work time.