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Wise County Schools offers retirement benefits to
full-time,
contracted employees by enrollment in a defined-benefit retirement program
administered by the
Virginia
Retirement System
(VRS). Highlights of the program include:
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Membership cost paid 100% by Wise County School Board
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Vested member of the system after 5 years of service
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Disability and death benefits provided
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Annual cost-of-living adjustments to retirement benefits
For active employees or those with
service credit before July 1, 2010, you are in the VRS Plan 1.
You become eligible to retire with
an unreduced benefit at age 65 with at least five years of service credit or age
50 with at least 30 years of service credit. You can retire as early as age 55
with at least five years of service credit or age 50 with at least 10 years of
service credit under the VRS early retirement reduced benefits.
For active employees or those with
service credit after July 1, 2010, you
are in the VRS Plan 2.
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