> Checklist for Employers
Checklist for Employers
Before Retirees Go Back to Work
- Advise retirees to contact VRS if they are considering returning to VRS-covered employment or returning to part-time employment with their former employer and how that may affect their benefits. They also can consult the VRS Web site and their Retiree Handbook for more information.
- Advise retirees receiving Social Security benefits to call the Social Security Administration (SSA) at 1-800-772-1213, visit the Social Security Administration Web Site or contact their local SSA office. Earnings during retirement could affect their eligibility for Social Security.
- To prevent overpayment of the monthly retirement benefit, you and the retiree must submit a Request for Termination of Monthly Benefit (VRS-7) to VRS immediately upon the retiree’s re-employment in a covered position.
Hiring Returning Retirees
- Is the retiree returning to VRS-covered employment?
- Did the retiree work for the same employer as a covered member? The Commonwealth of Virginia, including state agencies and public colleges and universities, is considered one employer. Local school divisions and political subdivisions are considered separate employers.
- If the retiree is returning to non-covered employment with the same employer, has he or she had a bona fide break in service of at least one full calendar month after retiring over a period the retiree would normally have worked?
- To prevent overpayment of the monthly retirement benefit, you and the retiree must submit a Request for Termination of Monthly Benefit (VRS-7)
32kb to VRS immediately upon the retiree's re-employment in a covered position.
When Members Retire Again
- When a member retires again, he or she must submit a new retirement application and retire under the same benefit payout option that the member selected for the first retirement.
- The monthly benefit will be recalculated based on the additional service the member earned during re-employment and any changes in his or her average final compensation (AFC).
- If the retiree received a COLA during his or her first retirement, the COLA will not resume when he or she retires again. The retiree will become eligible for a COLA effective July 1 of the second calendar year after his or her subsequent retirement date.
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