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;
• 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;
• Transfer assets between Providers;
• Roll other plans’ assets into the ORP.