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About Your Member Benefit Profile

your mbp 2013

Helping you along the way

Your Member Benefit Profile (MBP) is your annual benefits statement based on information your employer reports to the Virginia Retirement System (VRS) as of June 30 each year. Plan 1 and Plan 2 members can look up and print MBPs through myVRS. This is the first year that MBPs are available to Plan 2 members so be sure to take a look at this valuable retirement planning resource.

Accessing your MBP

Log into myVRS. From your Account Home page, select the MBP link from the left column. From your MBP list, select your current statement as well as previous statements to view and print. Not registered? Register Now.

How much money do you need in retirement?

Most financial planning experts recommend that those planning their retirement use 80 percent of their current earnings as the benchmark for what they will need during retirement to maintain a reasonable standard of living.

Are you eligible to participate in the Commonwealth's 457 plan?

If you are eligible to participate in the Commonwealth of Virginia 457 Deferred Compensation Plan, your MBP includes a customized retirement income analysis. This feature provides an estimate of your future retirement income and measures this estimate against 80 percent of your current compensation. The retirement income estimate combines your estimated future VRS benefit, Social Security and any funds available for distribution from your deferred compensation account as of June 30. Your analysis includes tips for "closing the gap" between your estimated retirement income and your 80 percent benchmark.

For more information about your benefits and planning for retirement, see Your Benefits.

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