Monday, May 20, 2013

VRS Retirement
Counseling Center
1111 East Main Street
Downtown Richmond
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Leaving Employment

For Members in Plan 1 and Plan 2.

Leaving your job? Select from the following links for an overview of your options. Select from the key topics in the right column for more details.

If you leave covered employment before retirement, you can:

Take a refund of your member contributions and interest. Taking a refund cancels your membership and eligibility for any future benefits; or
Leave your funds with VRS and become a deferred member. If you are vested, you may be eligible for a future retirement benefit if you meet the age and service requirements for your plan.

Before you decide: Check your member contribution account balance and view your other benefit information through myVRS. Knowing this information may help you weigh your options if you are thinking of leaving covered employment. Log in or create a secure online myVRS account. You also can contact your human resource office or call VRS toll free at 1-888-VARETIR (1-888-827-3847) for assistance.

If you move to another covered position with a VRS-participating employer, you will come under the plan provisions of the new position for retirement and other benefits. For more information, refer to the current member handbooks.

If you are eligible to retire and wish to apply for retirement, complete and submit all required retirement forms and documents to your human resource office. Read more about getting ready to retire.

Last Modified: 10/10/2012 9:59:22 AM

Leaving Employment

For Members in Plan 1 and Plan 2.

Options if You Leave Your Job

Moving to Another Covered Position?

Eligible to Retire?