The RealizeRetirement Time Machine, hosted by the Virginia Retirement System, will be on Virginia Tech’s campus Monday.
“This is just a platform to engage employees,” said Leisa Shelor, senior director of benefits and human resources at Virginia Tech.
“To learn about retirement planning and peak interest for retirement plan options.”
Employees will have the opportunity to learn about retirement planning and savings through an escape room scenario.
According to the VRS website, employees will work in teams to solve a puzzle that allows them to visit the future and learn about compounding.
A report by the National Institute on Retirement Security shows that two-thirds of working millennials have nothing saved for retirement, and only five percent are correctly saving for retirement.
On Virginia Tech’s campus, about 2,000 of the 8,000 employees are working students.
Shelor says this event can get employees thinking about their spending habits.
“Starbucks. Do you go to Starbucks? How many times a week do you go to Starbucks? If you put that money into a retirement plan rather than buying a coffee every day then you’re basically not spending any more money, and you’re adding money to a retirement plan for your future.”
The RealizeRetirement time machine will be in the McComas parking lot from 10 a.m. to 3 p.m.