VRS Handbook for Members - Virginia Retirement System

More documents

Recommendations

Info

Annual Family and Personal Leave Amounts for Eligible Salaried State Employees Effective January 10 Each Year Months of Career State Service If you are full time or part time, you receive… Fewer than 120 32 hours 120 or more 40 hours Short-Term Disability Coverage VSDP short-term disability coverage provides income replacement for up to 125 workdays. If you are still disabled after 125 workdays, your claim will be reviewed for long-term disability (see “Long-Term Disability Coverage” in this chapter). The 125-workday period is based on a Monday-through-Friday workweek and includes paid holidays. You are eligible for short-term disability coverage during periods of total or partial disability. What is a Disability? Under VSDP, a disability is a condition that prevents you from working or performing the full duties of your job for a short or extended period of time. The disability may be non-work related or work-related. A work-related disability is the result of an occupational illness or injury that occurs on the job and the cause is determined to be compensable under the Virginia Workers’ Compensation Act. Waiting Period The short-term disability benefit begins after seven calendar days from the first day of your disability. You may file a claim before then. During the waiting period, you may use sick leave or other eligible leave to cover your absence from work with the approval of your supervisor. If you have been working a reduced schedule or have a catastrophic or major chronic condition, the waiting period may be waived. Eligibility Periods and Income Replacement Levels Coverage for non-work related disability and certain income replacement levels for non-work related and work-related disabilities vary depending on when you were hired, as shown in the following tables. In addition, your total months of career state service and how long you are out determine when your income replacement level begins to reduce: Hired or Rehired On or After July 1, 2009? – If you would like to purchase an individual policy for non-work related disability coverage during your first year of employment, see the Fringe Benefits Management Company at www.fbmc-benefits.com/ VaProviderNetwork/index.asp for a list of companies approved to handle payment deductions for state employees. The Commonwealth does not endorse any of these companies. 35 | CH 6 • VIRGINIA RETIREMENT SYSTEM Plan 1
Days of Income Replacement: Non-Work Related Short-Term Disability Hired Before July 1, 2009: Months of Career Workdays at Workdays at Workdays at State Service 100% Income 80% Income 60% Income Replacement Replacement Replacement Less than 60 5 20 100 60-119 25 25 75 120-179 25 50 50 180 or more 25 75 25 Hired On or After July 1, 2009: Months of Career Workdays at Workdays at Workdays at State Service 100% Income 80% Income 60% Income Replacement Replacement Replacement 0-12 0 0 0 13-59 0 0 125 60-119 25 25 75 120-179 25 50 50 180 or more 25 75 25 Days of Income Replacement: Work Related Short-Term Disability* Hired Before July 1, 2009: Months of Career Workdays at Workdays at Workdays at State Service 100% Income 80% Income 60% Income Replacement Replacement Replacement 36 | www.varetire.org • 1-888-VARETIR (1-888-827-3847) Plan 1 Less than 60 65 25 35 60-119 85 25 15 120 or more 85 40 0 Hired On or After July 1, 2009: Months of Career Workdays at Workdays at Workdays at State Service 100% Income 80% Income 60% Income Replacement Replacement Replacement Less than 60 0 0 125 60-119 85 25 15 120 or more 85 40 0 * If you go on work-related short-term disability receiving only workers’ compensation and retirement contributions are not withheld from your workers’ compensation payment, you may be eligible to purchase service credit for the time you are on disability. For more information, contact your human resource office. For more information about purchasing prior service, see Chapter 4-Enhancing Your Benefit.
Page 1 and 2: Plan VRS 1 Virginia Retirement Syst
Page 3 and 4: Quick reference VRS Website at www.
Page 5 and 6: 1 Service Welcome to VRS Preparing
Page 7 and 8: myVRS: At Your Service As a member
Page 9 and 10: Assistance with myVRS • Select my
Page 11 and 12: See... meet the age and service req
Page 13 and 14: 2 Your Retirement Plan Eligible Emp
Page 15 and 16: Employer Contribution Your employer
Page 17 and 18: Your Core Benefit Your plan provide
Page 19 and 20: Continued from page 15 Partial Lump
Page 21 and 22: 3 Saving for Retirement Deferred Co
Page 23 and 24: Consolidating Your Retirement Funds
Page 25 and 26: Non-covered service with a VRS-part
Page 27 and 28: Workers’ Compensation If you go o
Page 29 and 30: 5 Group Life Insurance Program Basi
Page 31 and 32: Naming Multiple Beneficiaries - The
Page 33 and 34: Proof of Good Health In the Event o
Page 35: Sick, Family and Personal Leave Sic
Page 39 and 40: Deferred compensation plan. If you
Page 41 and 42: Medical Review As provided in the C
Page 43 and 44: Applying for Workers’ Compensatio
Page 45 and 46: Changing Your Survivor - You can ch
Page 47 and 48: • For work-related disability ret
Page 49 and 50: 8Long-Term Care Programs Long Term
Page 51 and 52: Other program features: Deferred Me
Page 53 and 54: Non-Work Related Monthly Benefit Ca
Page 55 and 56: 10 Leaving Employment Options if Yo
Page 57 and 58: Impact on Benefit Coverage Group Li
Page 59 and 60: Severance Benefits You may be eligi
Page 61 and 62: Use myVRS to Prepare for Retirement
Page 63 and 64: Purchase Prior Service Before You R
Page 65 and 66: 12 Receiving Retirement and Deferre
Page 67 and 68: 66 | www.varetire.org • 1-888-VAR
Page 69 and 70: as well as the Cash Match Plan. The
Page 71 and 72: Optional Group Life Insurance Cover
Page 73 and 74: The health insurance credit is a do
Page 75 and 76: 14 Working After Retirement Non-Cov
Page 77 and 78: If You Retire on Disability - If yo
Page 79 and 80: 15 Frequently Used Terms Plan VRS 1
Page 81 and 82: Defined Contribution Plan The benef
Page 83 and 84: Plan 2 You are covered under the pr
Page 85 and 86: VRS - Richmond, Virginia VRS ©2010

VRS Handbook for Members - Virginia Retirement System

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?