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  • Vrs Form 3a

Get Vrs Form 3a

RETIR (827-3847) Fax 1-804-786-9718 www.varetire.org Termination Date Complete this form to notify VRS of your mailing address when you leave a VRS-covered position if you choose not to take a refund of your VRS member contribution account. Keeping your address current with VRS, when you are not actively employed, ensures you receive information from VRS including your annual member account statement. Also use this form to notify VRS if your name changes. Please allow 30 days for changes to be.

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To request a refund, log into your myVRS account and submit an online request for a refund. If you do not have a myVRS account, you will need to register. Refunds cannot be processed until at least a full calendar month after you have left all employment with a VRS-participating employer.

Your retirement benefit is subject to federal income taxes as well as state income taxes if you live in a state that taxes income. The exception is if you retired under the guaranteed benefit formula for work-related disability.

To request a refund, log into your myVRS account and submit an online request for a refund. If you do not have a myVRS account, you will need to register. Refunds cannot be processed until at least a full calendar month after you have left all employment with a VRS-participating employer.

The Code of Virginia does not allow VRS members to borrow or withdraw funds from their member contribution accounts. Eligible Employees About Your Plan Qualifying for Retirement Benefit Payout Options 2 Page 15 If you leave your position before retirement, you can keep your funds with VRS.

This plan provides a lifetime monthly benefit during retirement based on your age, total service credit and average final compensation.

You contribute up to 5% of your compensation each month to your member contribution account through a pre-tax salary reduction. Your contributions are tax- deferred until you withdraw them as part of your retirement benefit or as a refund. Your employer makes a separate contribution to VRS for all covered employees.

No IRS Penalty Unlike many retirement savings plans, there is generally no early withdrawal penalty for distributions from the plan. Once you leave employment with the employer that sponsors the plan, you may take distributions from the plan, regardless of your age.

The refund process takes 45-60 days after your employer last reports you to VRS or after the date VRS receives your request, whichever is later. If your refund of taxable funds is less than $200, it is paid directly to you by direct deposit to the account of your choice and no taxes are withheld.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232