Membership in the retirement plan is automatic.
Employees become vested with the accumulation of five years of credited
service. You can find additional
information from the Virginia Retirement System web site.
Retirement Group Life Insurance/Optional Life Insurance
Basic Group Life insurance continues at no cost to you after retirement, provided
you have five continuous years of service. Life insurance begins to reduce after
retirement until it is 25 percent of the amount of coverage at retirement. Accidental
death and dismemberment coverage cease at retirement.
You may choose to continue Optional Group Life insurance into retirement if you
have had optional coverage for five continuous years prior to retirement.