UVA_HR2020 VRS Member Benefit Profiles Available
The 2020 Member Benefit Profiles (MBPs) for VRS Plan 1, Plan 2 and Hybrid Retirement Plan employees are now available in myVRS.
The MBP is an annual benefits statement based on information employers reported to VRS as of June 30. It provides information on the your account balance, retirement eligibility and eligibility for other benefits, such as group life insurance and the health insurance credit.
Retirement Strategy Checkup: View Your MBP.
You can visit your myVRS online account to view your latest annual Member Benefit Profile (MBP). The MBP is helpful in getting a better idea of where you are in your retirement savings.
Here’s How to Access Your MBP.
Log into myVRS. Under the My History menu item, select Annual Statements.
On target for your desired retirement date and income?
Identifying your savings gaps can help you plan now for tomorrow. Use the myVRS Benefit Estimator to generate estimates of your VRS benefit in retirement. Can you afford to retire at 55? What happens if you work longer? Take time to experiment with different scenarios. Next, use the myVRS Retirement Planner to set your income-replacement goal and enter your expected income sources in retirement, including your VRS pension, Social Security and other savings. The planner also helps you project expenses in retirement, such as health care and taxes, and offers calculators and a budgeting worksheet. Save your plan in your myVRS account for future reference and to help you stay on track to meet your income goals at retirement.