Termination of Employment

Termination of employment with the Commonwealth means:

• Plan contributions are discontinued to a participant’s account;
• Participants are eligible to draw benefits from the plan at any time after termination of employment;
• RP insurance coverage typically stops at the end of the month during which the last contributions were made;
• Participants may convert their (ORP) disability and/or group life insurance to individually-owned policies.

Participants who terminate employment with the Commonwealth may:

• Maintain their assets in the plan;
• Take distributions from the plan, subject to the plan’s provisions;
• Participants who return to work for the Commonwealth in a benefits-eligible position may not draw funds from the Plan;
• Participants who return to work for the Commonwealth in a non-benefited position may draw funds from the Plan
• Transfer assets between Providers;
• Roll other plans’ assets into the ORP.
• Draw funds from the Plan upon re-employment with the Commonwealth when re-employed in a non-benefited position.