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Termination Of Employment

Termination of employment with the Commonwealth means:

• that Plan Contributions are discontinued to a participant’s account;
  
  
• participants are eligible to draw benefits from the plan at any time;
  
  
• ORP 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;
  
  
• transfer assets between Providers;
  
  
• roll other plans’ assets into the ORP.