Just How Much Refund Am I Going To Get?
In the event that you request a refund and are also or involuntarily separated from employment for factors apart from task performance or misconduct, you’ll be entitled to the full refund of the user share balance. You will be eligible for a refund of the balance, excluding any member contributions made by your employer to your account after July 1, 2010 and the interest on these contributions if you are not vested. Look your member contribution account balance in myVRS.
- Having a refund cancels your account and eligibility for almost any future advantages.
- In the event that you leave work, take a refund, and come back to a VRS-covered place, you’re going to be rehired beneath the presently relevant your retirement policy for that place.
Asking for A reimbursement
To request a refund, log into the myVRS account and submit an on-line ask for a refund. Should you not have myVRS account, you need to register.
Refunds is not prepared until at the least a complete 30 days once you have kept all work with an employer that is vrs-participating. This can include any using the company you might be leaving. The Commonwealth of Virginia, including all state agencies and general public universities and universities, is known as one boss. Durations of leave with or without pay usually do not count toward satisfying this break from work. If you should be instructor or faculty member, summer breaks and intersession durations also usually do not count toward this break.