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0 Toll Free 1-888-VARETIR (827-3847) www.varetire.org Employer Code The employer completes this form to certify the participant s eligibility for a health insurance credit. VRS determines the amount of the credit to be paid. If this form is not completed and sent to VRS, the health insurance credit cannot be paid to the eligible Optional Retirement Plan/Alternative Retirement Plan (ORP/ARP) participant. This form is for initial enrollment into the health insurance credit program. In the futu.

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How to fill out the Virginia Retirement Forms online

Filling out the Virginia Retirement Forms online is an essential step for participants seeking a health insurance credit through their retirement plans. This guide provides a clear and supportive approach to ensure that you complete the form accurately and efficiently.

Follow the steps to complete the Virginia Retirement Forms successfully.

  1. Use the ‘Get Form’ button to access the Virginia Retirement Forms and open them in the editor for completion.
  2. In Part A, enter the participant’s information, including their name, address, birth date, and daytime phone number. Choose the appropriate status indicating whether they are an ORP/ARP retiree or a long-term disability recipient.
  3. For Medicare coverage, check 'Yes' if applicable. Provide the effective date of Medicare Part B and the monthly premium amount.
  4. Proceed to Part B if the participant has other health, dental, vision, or prescription drug insurance. Fill in the insurance policy details, specifying the plan name and membership type.
  5. Enter the premium payment details, including how often premiums are paid, the amount per payment, the retiree’s portion, and the effective date of the premium.
  6. In Part C, certify the retirement plan details if the participant is an ORP/ARP retiree, including the name of the plan, distribution dates, and service duration.
  7. If the participant is a long-term disability recipient, provide relevant information about the disability start date, service duration, and vendor details.
  8. Complete the employer certification section by providing the authorized signature, title, and contact information.
  9. Finally, the participant must sign and date the form to confirm they will report any changes regarding their health insurance coverage.
  10. After filling out all required fields, save your changes. You can then download, print, or share the completed form as necessary.

Start filling out your Virginia Retirement Forms online today to ensure you receive the health insurance credit you're entitled to.

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About the Virginia Retirement System VRS ranks as the 14th largest public or private pension fund in the U.S. and the 42nd largest in the world, serving more than 778,000 active and inactive members, retirees and beneficiaries.

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.

Employees contribute 5% of salary out of each paycheck to the pension fund. The average retirement benefit is 19,647 per year, or $1,637 per month.

You become eligible for an unreduced retirement benefit at age 65 with at least five years (60 months) of service credit or at age 50 with at least 30 years of service credit.

About the Virginia Retirement System The Virginia Retirement System, an independent state agency based in Richmond, delivers retirement and other benefits to covered Virginia public sector employees through sound financial stewardship and superior customer service.

Membership in the Virginia Retirement System (VRS) is automatic. The VRS retirement plan is a qualified 401(a) defined benefit plan which pays eligible members a lifetime benefit amount based on years of service, age, and compensation. VRS members may also participate in the Virginia Deferred Compensation Plan.

Eligibility Birth YearAge to Receive Full Social Security Benefit195766 + 6 months195866 + 8 months195966 + 10 months1960 and later679 more rows • 24 Feb 2023

UNREDUCED RETIREMENT Normal retirement age under VRS Plan 1 is age 65. You become eligible for an unreduced benefit at age 65 with at least five years of service credit or at age 50 with at least 30 years of service credit.

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