Getting Ready to Retire
For Members of the VRS Plan 1 and the VRS Plan 2
It's never too soon to think about retirement. Select from the following links for resources to help you get started. Select from the key topics in the right column for retirement details.
Use myVRS to Prepare for Retirement
Through the secure online myVRS system, you can view your benefit information and plan for retirement:
The myVRS Retirement Planner allows you to create a Quick Plan or Detailed Plan that will estimate your income needs when you reach this milestone. Base your plan on different retirement dates, add income from sources such as a spouse or part-time employment in retirement and build in estimated retirement expenses.
If you are in Plan 1, create different benefit scenarios through the myVRS Benefit Estimator. You also can view your Member Benefit Profile.
If you participate in the Commonwealth of Virginia 457 Deferred Compensation Plan, check your savings progress. You may be eligible for catch-up contributions.
Sign Up for Free, Convenient Member Education
Whether you just started work or are ready to retire, you can take advantage of free educational opportunities. Select from a variety of online and on-site educational mediums according to what's most convenient for you.
If your employer participates in the Commonwealth's 457 Plan, sign up for the Deferred Compensation Plan Regional Education Meetings 48kb. The meetings are held at sites around the state and cover topics such as long-term planning for financial security, managing your plan and distribution strategies.
Brush up on your financial knowledge. Money Matters for Virginians cover the basics of banking, home financing, investments and more through convenient online modules.
Need Individual Counseling?
Meet with a counselor at the VRS Retirement Counseling Center at 1111 East Main Street in downtown Richmond. Sessions are offered on a first-come first-served basis between 8:30 a.m. and 4 p.m., Monday through Friday. Limited scheduled appointments are available. Go to directions to the center and the parking deck. Note: The first hour of parking is free if you park in the deck.