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employee’s time card after completion of the individual VRWS

agreement period but must be liquidated by the September 30th after the end

of the fiscal year in which the employee’s individual agreement expires.
VRWS ending balances must be segregated for each fiscal year.

Banked (Unused) VR Time Upon Separation - Unused VR time credits
will be paid at the straight time rate upon layoff, resignation from State

service, termination, retirement or death.
Banked (Unused) VR Time Upon Promotion, Transfer or Reassignment

Within an Agency or Within a Facility or Institution - Unused VR time
credits are carried forward on the employee’s time card when movement

is within an appointing authority. Continuation of the VRWS program
agreement is at the discretion of management.

Banked (Unused) VR Time Upon Movement From One Agency to
Another or Between Facilities or Institutions Within an Agency -

Unused VR time credits will be paid at the straight time rate by the agency
or facility/institution in which the VR time was earned, unless the employee

request and the new agency or facility/ institution accepts the transfer of VR
time on the employee’s time card.

Health Insurance - No effect; full coverage.
Dental Insurance - No effect; full coverage.

Employee Benefit Fund - No effect.
Survivor’s Benefit - No effect.

Retirement Benefit Earnings - Participation will reduce final aver- age
salary if the VRWS period is included in three years of earnings used to

calculate final average salary.

Retirement Service Credit - Prorate.
Social Security -There is no change in the contribution rate, which is set by
Federal Law and applied to the salary that the employee is paid.

Unemployment Insurance - No change; formula set by statute.

Performance Advance or Increment Advance - Evaluation date is not
changed; no change in eligibility.

Performance Award or Lump Sum Payment - No impact; no change
in eligibility.

Longevity Increase - No change in eligibility.
Probationary Period - No effect; scheduled non-work time under a VR

agreement is not an absence for this purpose.
Traineeship - No effect; traineeships are not extended by scheduled non-

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