7.1 Purpose
7.2 Guidelines
7.3 Resources
7.0 VRS CREDIT - VSDP
7.1 Purpose
To provide an option to eligible full and part-time employees for converting accumulated sick leave to Virginia Retirement System (VRS) retirement credit at the time of initial open enrollment (January - March 1999) in the Virginia Sickness and Disability Program (VSDP).
7.2 Guidelines
Accrued sick leave was converted to Virginia Retirement System (VRS) service credit at the rate of one month per 173 hours of sick leave. Partial months were rounded to the next higher month. Service credit was recorded in the university's automated leave system with a copy of the signed election form retained in the employee's VSDP file. The original was forwarded to VRS.
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7.3 Resources
- Virginia Sickness & Disability Program Handbook, 1999
- Virginia Sickness & Disability Program Employer Manual