Information & Tools for Campus Employees

Home > For Campus Employees > Optional Retirement Program > Changes in Employment Status > Termination Of Employment

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.


Contact Us | Subscribe to Our E-Newsletter | Email the Webmaster | Privacy Policy | Terms of Use | Accessibility Statement

Massachusetts Department of Higher Education. All Rights Reserved. ©2000-2014
One Ashburton Place, Room 1401, Boston, MA 02108   617-994-6950