Exactly Exactly How Refund that is much will Get?
In the event that you request a reimbursement and are also or involuntarily separated from work for factors except that task performance or misconduct, you are qualified to receive a complete reimbursement of one’s user share balance. If you’re perhaps not vested, you’ll be qualified to receive a reimbursement for the stability, excluding any member efforts created by your company for your requirements after July 1, 2010 and also the interest on these efforts. Look your member contribution up balance in myVRS.
- Going for a reimbursement cancels your account and eligibility for just about any benefits that are future.
- In the event that you leave employment, take a reimbursement, and go back to a VRS-covered place, you are rehired beneath the presently relevant your retirement arrange for that position.
Requesting a reimbursement
To request a reimbursement, log into the myVRS account and submit an internet ask for a reimbursement. If you don’t have myVRS account, you will have to register.
Refunds may not be prepared until at the least a complete 30 days once you have left all work with A vrs-participating boss. This consists of any with all the manager you will be making. The Commonwealth of Virginia, including all state agencies and general public universities and universities, is recognized as one employer. Periods of leave with or without pay usually do not count toward satisfying this break from work. If you’re a trained teacher or faculty user, summer time breaks and intersession durations also try not to count toward this break. Continue reading