Local government employers have not been immune to the great resignation. While, according to the Harvard Business Review, resignation rates are highest in the tech and health care industries, it is also highest among mid-career employees – impacting most employers.
VRSA members have reported difficulties recruiting particularly in the areas of public works and law enforcement. However, one area where local governments may have an advantage in recruiting is by highlighting their benefits packages.
VRSA’s Hybrid Disability Coverage protects your employees against income loss if they are unable to work because of a physical disease, mental disorder, injury, or pregnancy. Meeting requirements of §51.1 of the Code of Virginia, VRSA’s program, administered by Marsh Mid-Atlantic Agency (MMA) and the insurance professionals at Lincoln Financial Group, will:
- Manage and administer your self-insured Short Term Disability benefits;
- Fully insure and support your Long Term Disability plan, and make sure benefits properly integrate with any VRS retirement disability benefits; and
- Analyze your entire leave program to develop a streamlined system that will better serve your entire workforce.
Unlike the state plan, the VRSA/Lincoln platform offers flexible plan design options. They include:
- Elimination of the 12-month eligibility waiting period for disability, or you can leave it in place. Make the best choice for your budget and your employees’ needs.
- Coverage for your public safety employees. This could be a safety net in the event a claimant does not qualify for VRS or LODA disability benefits.
For more information on this program, visit our Hybrid Disability Coverage page here.