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Richmond, VA 23219
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Administrative Offices
1200 East Main Street
Richmond, VA 23219

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 > Transitional Benefits Program
 > Transitional Severance Benefits

Transitional Severance Benefits

If you are involuntarily separated from employment, you are eligible to receive a transitional severance benefit. The severance benefit amount is based on your consecutive years of service with your employer as follows:

Service credit with other employers cannot be used in calculating the severance benefit. If you are eligible for a retirement benefit at the time of your layoff, you may elect to receive the severance benefit instead of the enhanced retirement credit, in addition to a retirement benefit (see Enhanced Retirement).

Health Insurance

If you elect a severance benefit, your employer will continue to pay your health insurance premiums for up to 12 months. Contact your employer before the end of your 12-month period to discuss your health insurance options once the severance benefit ends.

Group Life Insurance

If you are covered under the VRS Group Life Insurance Program, your employer will submit the Employer Certification of VRS Basic Group Life Insurance Coverage Under the Transitional Benefits Program (VRS-11C) to VRS. Note that:

If you are covered under an employer-administered group life insurance plan, your coverage will continue for 12 months following your layoff date.

Forfeiture of Severance Benefits

If you are receiving the severance benefit and return to work with your previous employer in the same or a similar position or as an independent contractor performing the same or similar duties, your severance benefit will stop.

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