Just Just How Much Refund Am I Going To Receive?
In the event that you request a reimbursement and are usually or involuntarily separated from work for reasons other than work performance or misconduct, you’ll be entitled to the full reimbursement of one’s member share balance. If you should be maybe not vested, you’ll be qualified to receive a reimbursement associated with the stability, excluding any user contributions produced by your boss for your requirements after July 1, 2010 in addition to interest on these contributions. Look your member contribution up balance in myVRS.
- Having a refund cancels your account and eligibility for just about any future advantages.
- In the event that you leave work, have a reimbursement, and come back to a VRS-covered place, you’re going to be rehired underneath the presently applicable your retirement arrange for that position.
Asking for a reimbursement
To request a reimbursement, log into the myVRS account and submit an internet ask for a reimbursement. You will need to register if you do not have a myVRS account.
Refunds is not prepared until at the very least a complete thirty day period once you’ve kept all employment having an employer check and go that is vrs-participating. This consists of any with all the manager you will be leaving. The Commonwealth of Virginia, including all state agencies and colleges that are public universities, is known as one company. Durations of leave with or without pay usually do not count toward satisfying this break from work. If you are a trained teacher or faculty user, summer time breaks and intersession durations additionally don’t count toward this break.
- You’re making your task as an administrative assistant at the Virginia Department of Taxation effective June 12 and also have required a reimbursement. The first VRS can process your refund is August.
- You might be a instructor in a contract that is 10-month the time of August 1 to May 31. (more…)