Resource Center for VRS Employers: Hybrid Retirement Plan: Defined Contribution Component

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    Severance

    Severance Benefits

    Members may be eligible for severance benefits under the defined benefit component of their plan if they are involuntarily separated from employment. Involuntary separation is a layoff because of a budget reduction, agency reorganization, workforce downsizing or another cause not related to job performance or misconduct. Members should see their human resource office for eligibility details.

    More Information

    Hybrid Retirement Plan Handbook .

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