Home
MBP Resources
Direct employees to About Your Member Benefit Profile to learn more about their annual benefit statements. Also encourage them to view their MBP through their myVRS online accounts using these resources:
MBP Flyer
- Download the MBP Flyer
68kb - Print color copies and post them around your work site or distribute them to your employees.
- Post the link to the flyer on your internal employee website.
- Include the link with the MBP messages provided below.
MBP Message
Use this message in an internal communication to your employees such as an e-mail or newsletter:
For employees eligible to participate in the Commonwealth of Virginia 457 Deferred Compensation Plan
View your future, view your MBP 68kb
Get a glimpse of your future by looking up your 2011 Member Benefit Profile (MBP) through myVRS.
The MBP is your annual retirement benefits statement as of June 30, 2011. Your statement shows your member contribution account balance, earliest unreduced and reduced retirement eligibility dates and estimated benefit amounts and other information about your benefits. You also can see the estimated value of your retirement benefit.
Retirement income on target? One of your MBP’s most important features is a retirement income analysis. This feature shows a total retirement income estimate compared to a retirement income target of 80 percent of your compensation as of June 30, 2011. The retirement income estimate combines your estimated unreduced benefit, a Social Security estimate and an estimated annuity from your Commonwealth of Virginia 457 Plan Deferred Compensation Plan account, if applicable.
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. Your analysis includes tips for “closing the gap” between your estimated retirement income and your 80 percent benchmark.
View your MBP now. Go to myVRS Access to log in or create a secure online account. Also see http://www.varetire.org/myVRS-Access/about.asp for more information about myVRS.
For all other employees
View your future, view your MBP 68kb
Get a glimpse of your future by looking up your 2011 Member Benefit Profile (MBP) through myVRS.
The MBP is your annual retirement benefits statement as of June 30, 2011. Your statement is a valuable retirement planning tool. It shows you where you are now and what your benefits could look like in retirement, including:
- Your earliest unreduced and reduced retirement eligibility dates and estimated benefit amounts
- Estimated value of your retirement benefit
- Member contribution account balance
- Life insurance coverage and other information about your benefits
View your MBP now. Go to myVRS Access to log in or create a secure online account. Also see http://www.varetire.org/myVRS-Access/about.asp for more information about myVRS.
myVRS
- Encourage your employees to log in or create a secure myVRS online account to view their MBPs.
- Promote it with myVRS resources.
- Provide your employees with more information about myVRS.
