About Your Member Benefit Profile
On the Road of Life, Make Sure You Bring Your Map
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 of each year. You can look up and print your MBP through myVRS.
Accessing Your MBP
Log into myVRS. From your Account Home page, select the Member Benefit Profile (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.
Note if you are in Plan 2: The MBP currently is available only to members in Plan 1. You can look up your member contribution account balance and other current benefit information through myVRS.
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 Helpful Links.