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Termination Of Employment

Termination of employment with the Commonwealth means:

  • that Plan Contributions are discontinued to a participantís 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 planís provisions;

  • transfer assets between Providers;

  • roll other plansí assets into the ORP.

 

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