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Planning YourRetirementFor faculty enrolled in theOptional Retirement Plan What to do and whenRetiree benefitsResourcesEMBRACE THECHANGE

“As in all successful ventures, thefoundation of a good retirement is planning.”- Earl NightingalePage 2

Table of ContentsIntroduction . 4Retirement Eligibility . 4Applying for Retirement 4Distribution Options . 4Income Tax . 5Optional Retirement Plan . 5Giving Notice of Retirement 6Leave Payouts . 6JMU Email . 6JACard 6Parking . . 6Health Insurance in Retirement . 7Health Insurance Credit . 7Life Insurance 7Supplemental Retirement Accounts . 8Flexible Spending Accounts 8Voluntary Benefits . 9Social Security and Medicare . 9Returning to Work . 10Staying Engaged After Retirement (Lifelong Learning Institute) . 10Resources . 12AppendixExhibit A: Non-Medicare Eligible Retiree Premium Rates . 14Exhibit B: Medicare Eligible Retiree Premium Rates .15Exhibit C: Medicare Initial Enrollment Period . . 15Exhibit D: Social Security Normal Retirement Age . 16Page 3

IntroductionRetirement EligibilityThis guide provides general information tohelp you plan for your retirement andunderstand the process and benefitsassociated with retirement.ORP Plan 1The normal retirement age is 65. Or meet theretirement criteria under the VRS plan forwhich you would have been enrolled in hadyou not chosen ORP.This guide should be used in conjunctionwith the Virginia Retirement System’s (VRS)publication “Optional Retirement Plan forHigher Education Handbook forParticipants”, which can be found atwww.varetire.org. You can also contact theJMU retirement specialist for a copy.The Human Resources office offers aretirement readiness workshop twice peryear through Talent Development. If you areinterested in attending a session, enrollonline through MyMadison and search forOptional Retirement Participants- What toExpect When You Retire.When preparing for retirement, you willmake very important financial decisions.Although JMU does not administer benefitsfor VRS, Social Security, or Medicare, wehave included information about theseprograms and benefits in this guide for yourreference.When making decisions on variousretirement-related benefits, you shouldcontact the respective agency as they arethe authoritative source. A contact list isincluded in the back of this guide on theresources page.The JMU Human Resources office considersretirement matters confidential. HumanResources does not notify your supervisor ordepartment of your retirement. You areresponsible for notifying your supervisorand/or department of your intent to retire.Page 4ORP Plan 2The normal retirement age is your NormalSocial Security Retirement Age. Or meet theretirement criteria under the VRS plan forwhich you would have been enrolled in hadyou not chosen ORP.Applying for RetirementRetirement is effective the first of the monthfollowing your last day worked. In most cases,your last day worked (or on approved paidleave) will be the 24th of a month as thatis the last day of the pay period. In somecases your last day worked will differ. VRSrequests at least 60 days notice to processyour retirement paperwork. Work with theretirement specialist to complete all necessarypaperwork for retirement approximately90-120 days prior to your retirement date.Distribution OptionsOnce you have been separated or retired fromthe university for at least one full calendarmonth over a period in which you wouldnormally work, you are eligible to takedistributions from your ORP account based onthe following options:Total Lump-sum Payment or RolloverYou can request a total lump-sum paymentfrom your account or choose to rollover theentire balance to another qualified plan.

Periodic DistributionsYou may elect to receive periodic distributionsin which you determine the frequency andamount of each distribution.Lifetime Monthly AnnuityYou can purchase a lifetime monthly annuitywith all or a portion of your ORP accountbalance. The amount of the payment is basedon the following factors: your account balance,life expectancy and current interest rates atthe time you purchase the annuity.Joint and Survivor AnnuityIf you would like annuity payments to continueto a survivor (annuity partner) upon your death,you may elect to do so. An annuity partner isthe individual you name to receive lifetimeincome upon your death, such as a spouse.You can name any living person as yourannuity partner.You may choose from the following optionswhen deciding how much of your benefitcontinues to your annuity partner: 100%. Your named annuity partnercontinues to receive the full paymentupon your death. Choosing this optionmean that your initial income will belower than any of the other lifetimeannuity payment options.50%. Your named annuity partner willreceive half the amount you would havereceived had you lived.75%. Your named annuity partner willreceive 75 percent of the amount youwould have received had you lived.2/3’s. Upon the death of you or yourannuity partner, the survivor continues toreceive lifetime income, but it is reducedto two-thirds. This option provides thehighest income amount while both of youare alive.Subject to applicable law, you may also add aguaranteed period of 10, 15 or 20 years to anylifetime income choice. This options ensuresthat income will continue to your annuity partnerfor the remainder of that period if you, and yourannuity partner if you choose a two-life annuity,die before the end of the elected period.Required Minimum DistributionsYou must begin taking distributions from yourORP account if you have not already begunreceiving payments by age 70 1/2 or when youretire (whichever is later).You are encouraged to meet with arepresentative from the ORP plan provider youparticipate with to determine your distributionoptions and amounts. You should contact theprovider directly to initiate distributions.Income TaxDistributions from your ORP account paiddirectly to you, your survivor or beneficiary aresubject to federal and state income tax. In mostcases, an additional 10 percent tax penalty mayapply if you take a distribution before age 591/2. If you leave your ORP covered positionafter reaching age 55 or you begin an annuity orperiodic distribution of equal payments overyour lifetime, the penalty can be waived.Contact a tax advisor or the IRS for additionalinformation on taxes.Optional Retirement PlanPlease refer to the VRS publication: OptionalRetirement Plan for Higher EducationHandbook for Participants for the most detailedinformation regarding your ORP retirementbenefits. This booklet provides additionalinformation on distribution options under yourORP account. You can obtain this booklet atwww.varetire.org or contact the retirementspecialist at 540-568-4741.Page 5

Giving Notice of RetirementThe JMU Human Resources office considersretirement matters confidential. HumanResources does not notify your supervisor ordepartment of your retirement. You areresponsible for notifying your supervisor and/or department of your retirement. It isappropriate to give your department orsupervisor as much notice as possible toallow for adequate recruitment, training/transition time and coverage. Faculty mustgive three (3) months notice per the FacultyHandbook (111.F.1).Annual and Sick Leave Payout (if applicable)A&P LeaveUpon retirement, A&P Faculty who have 10 years of state service are eligible for a payoutof up to 160 hours (20 days) of unused A&PLeave.Service Recognition LeaveFaculty who separate employment within theyear of receipt of Service Recognition Leaveare eligible for a leave payout of any unusedService Recognition Leave hours.Unused Leave eligible for payout may be paidto the retiree directly via direct deposit orrolled into their 403(b) or 457 supplementalretirement account. Leave payouts are paidon the paycheck following the last paycheckfor time worked.JMU EmailRetiring faculty continue to have email accessand access to MyMadison for 30 days afteryour last day employed. If you have beenawarded Emeritus status, you will maintainyour JMU email account access as long as allnecessary paperwork is completed andsubmitted in a timely manner by thePage 6department. See JMU IT’s eID website formore information regarding access.JACardAll JMU property, including your JACardshould be returned to the university prior toretirement. If you are granted Emeritus status,you are able to go to Card Services after yourretirement date has passed and obtain anEmeritus JACard.JMU FlexIf you have money left in your JMU Flexdeclining balance account at the time ofretirement, the balance will be refunded to you.If you are awarded Emeritus status, you areeligible to maintain a Flex balance on yourEmeritus JACard. If you wish to stopcontributions to your Flex account prior toretirement to stop accruing a balance, see theCard Services website at www.jmu.edu/cardctrand complete a new Faculty/Staff Flex PayrollDeduction Form for 0 deduction and returnthe form to Card Services.ParkingRetiring faculty should turn in their currentparking pass to Parking Services upon theirretirement. If you will be on approved leaveprior to your retirement date and wish to turn inyour parking pass sooner, Parking Serviceswill remove the deduction from your paycheck.Retirees may visit Parking Services for alimited use retiree parking pass after theirretirement from the university. If awardedEmeritus status, you will be provided anEmeritus parking pass for free, intended forlimited use. If re-employed on a part-timebasis, you will pay for a parking pass.

Health Insurance in RetirementIf you are retiring and satisfy all of thefollowing criteria you are eligible to enrollyourself as well as a spouse or dependentchildren in the State Retiree Health BenefitsProgram: meet the age and service requirementsthat would be needed to receive animmediate retirement benefit under thenon-ORP VRS plan for which you wouldhave been eligible for had you notelected the ORP (See page 4).You are a terminating state employeewho participates in one of the qualifiedOptional Retirement Plans, andYour last employer before terminationwas the Commonwealth of Virginia; and,You were eligible for (even if you werenot enrolled) coverage in the StateEmployee Health Benefits Program foractive employees at the time of yourtermination.To enroll, submit the State Health BenefitsProgram Enrollment Form for Retirees,Survivors and LTD Participants (T-20879)with your retirement termination certificationform or within 31 days of your retirementdate. The form is available atwww.varetire.org or by contacting the JMUretirement specialist.The insurance carrier will bill you directlyeach month for your health insurancepremium. Most carriers will have anopportunity for you to set up a direct debitfrom your bank account.You are eligible to enroll in the health plan ofyour choice at retirement, although there areno membership changes allowed at the timeof retirement.You may only cover dependents who wereenrolled in coverage prior to retirement, theymay not be added at the time of retirementunless there is also a qualifying mid-year event.You must enroll in an age appropriate plan.Retirees who are not yet age 65 or Medicareeligible will have the option to enroll in any ofthe plans available to them as an activeemployee. Retirees and/or dependents who areMedicare eligible must enroll in a Medicarecoordinating plan option.You must enroll within 31 days of yourretirement date if you wish to be covered underthe State Retiree Health Benefits Program. If noelection is made or coverage is declined, youmay not return to the program in the future.Health Insurance CreditFaculty who have 15 or more years of servicecredit at retirement are eligible for the retireeHealth Insurance Credit. This is a monthlypayment paid directly to you, intended to offsetthe cost of your health insurance premiumpayments in retirement. JMU retirees are paid amonthly credit in the amount of 4 per year ofservice. For example, if you retire with 25 yearsof service, you will earn a monthly HealthInsurance Credit of 100 (25 x 4). The HealthInsurance Credit is a non-taxable benefitpayable to you for your lifetime. Survivors donot continue to receive the retiree’s HealthInsurance Credit upon their death.Life InsuranceAs long as you meet the retirement eligibilitycriteria (See page 4), you will keep a certainamount of life insurance coverage at no cost inretirement.Page 7

Coverage starts at 2x your ending salary at thetime of retirement and remains at this level forone full calendar year. On January 1 followingone full calendar year after retirement, thepolicy will reduce by 25%. The followingJanuary 1 it will reduce another 25%. The thirdand final reduction of another 25% will occur onthe following January 1. After all reductions, thepolicy will be worth 25% of the beginning value,which is equal to 1/2 your ending salary and willremain at this level for your lifetime.Optional Life InsuranceIf you held life insurance above the basic lifeamount provided by the university during activeemployment, you may choose to keep a portionof your optional life insurance coverage intoretirement for yourself, and a spouse ifapplicable. In order to be eligible to continueyour optional life insurance coverage, you musthave had the coverage for at least 60 monthsprior to retirement. The maximum amount ofoptional life insurance you can continue atretirement is 2x your ending salary and half thatamount for a spouse. You must elect tocontinue your coverage within 31 days of thelast day of the month in which you leave yourposition. This option is not available after 31days. Contact the retirement specialist for theappropriate forms, or find the forms at ) and/or 457 Supplemental RetirementAccountsCompany representatives from Fidelity, TIAA,Valic and MissionSquare are available forindividual meetings with employees.We recommend that you meet with theserepresentatives early in your career.Page 8Do not wait until you are ready to retire toreview your 403(b), 457 or cash matchaccounts. One-on-one meetings foremployees with retirement plan counselors areavailable. Please refer to the financialcounseling schedule available on our websiteat www.jmu.edu/humanresources/benefits.If you are not currently participating in thecash match plan, it is not too late to start.The university matches 50 percent of yourcontribution, up to 20 per pay period, if youcontribute to the 403(b) or the 457 plans.Contact the HR benefits team at 540-568-3593to obtain a Salary Reduction Agreement Formand learn how to enroll in a 403(b) account.This information can also be found atwww.jmu.edu/humanresources/benefits. Youcan enroll in the Commonwealth’s DeferredCompensation 457 plan online atwww.varetirement.org/dcp.html or by calling1-877-327-5261.Flexible Spending AccountsRetirees are not eligible for the FlexibleSpending Account in retirement. You will havea three-month grace period following your lastday employed in which you can submit forreimbursement of unreimbursed eligibleexpenses incurred prior to your last dayemployed. If you have not incurred enoughexpenses to use all of the contributions youmade to your FSA, you may considercontinuing access to your account throughCOBRA. Contact Human Resources foradditional information on continuing your FSAunder COBRA.

Voluntary BenefitsGenworth Long Term CareIf you purchased and paid premiums for anindividual Long Term Care policy throughGenworth while actively employed, you maykeep this policy in retirement. ContactGenworth directly to elect continuation and setup payment.Social SecurityYou may start drawing your Social Securityretirement benefit as early as age 62 in mostcases, but a reduction factor will be applied andincome limits exist if you begin drawing yourbenefit prior to your Full Retirement Age. FullRetirement Age is determined by your year ofbirth (see Exhibit D).UNUM LTD (if applicable)You should contact your local Social Securityoffice approximately three months prior to whenyou would like your benefit payments to begin.Most offices will require an appointment if youwish to apply for benefits in person. You mayalso go online at www.ssa.gov or call 1-800-772-1213 to apply for benefits.Faculty members that elected Faculty Sicknessand Disability Program may have purchasedUNUM long-term disability coverage. There is asix month wait period to use the benefits underthis plan; therefore you may consider cancellingcoverage at least six months prior to retirement.If you are applying for benefits and are at leastFull Retirement Age, there are no income limitsif you continue working. Meet with a local SocialSecurity agent to discuss your benefit optionsand when it may be best for you to apply forand start taking your benefits.New York LifeMedicareYou may elect to continue this benefit intoretirement. Contact New York Life directly to setup your payment.Medicare has three parts:AflacYou can continue this coverage in retirement.Contact our Aflac representative directly to setup your payment. Legal Plan Benefit and ID Theft ProtectionYou may elect to continue this benefit intoretirement. Contact Legal Resources directly toset up your payment.Liberty Mutual Home and Auto InsuranceYou may elect to continue this benefit intoretirement. Contact Liberty Mutual directly toset up your payment. Part A: Hospitalization and skilled nursingcoverage. Most Americans have paid inenough Medicare taxes that Part A ispremium free. You should enroll in Part Awhen you are first eligible.Part B: Outpatient and physician coverage.There is a monthly premium for Part B whichyou will pay (if you are already drawingSocial Security benefits, the Part B premiumwill be deducted from your Social Securitycheck). There is a standard monthlypremium, but the premium can be higherbased on income.Page 9

As long as you are covered under a JMUhealth plan as an active employee, you donot need to enroll in Part B until you retireor lose coverage. Part D: Prescription drug coverage. PartD plans are administered by independentinsurance companies and there is amonthly premium for Part D plans. As longas you are covered under a JMU healthplan and actively working, you do notneed to enroll in Part D until you retire.If you or a covered spouse are Medicareeligible at retirement, you will no longer beable to remain covered under the COVA Careor COVA HealthAware plans and will berequired to enroll in a Medicare coordinatingplan upon retirement.If you or a covered spouse will turn 65 afterretirement and you remained enrolled in theState Retiree Health Benefit Program, youwill be automatically enrolled in the state’sMedicare coordinating plan, Advantage 65 Dental/Vision effective the first of the monthin which you turn 65 unless you specifyotherwise. You should apply for MedicarePart A and B three months prior to your 65thbirthday or at least within your initialenrollment window to avoid late enrollmentpenalties (See Exhibit C).If you remain employed and work beyondage 65, you should apply to enroll inMedicare Part A (premium free hospitalizationcoverage) three months prior to your 65thbirthday. You will wait to enroll in MedicarePart B (outpatient and physician coverage)when you decide to retire.Page 10Returning to WorkAfter retirement, you can work for anyemployer that does not participate in VRS,such as a non-profit or a private company andthere will be no impact on your ORP account. Ifyou return to full-time, permanent, salariedposition with an employer that participates inVRS, your retirement benefits will stop and youwill become an active member and startaccruing contributions to your account again.In some cases, you may return to work in anon-covered (part-time) position with a VRSparticipating employer and continue to receiveyour retirement benefits. If returning to work forthe employer from which you retired, you musthave a bona fide break in service of at leastone full calendar month. The Commonwealthof Virginia, including all state agencies andpublic colleges and universities, is consideredone employer. School divisions and politicalsubdivisions are considered separateemployers.If you are returning to work in a non-covered(part-time or adjunct) position at JMU, there isa minimum 26 week (6 month) break in servicerequirement that must be met before you canreturn to part-time employment. Please beaware that prior to retirement, there can be noverbal or written agreement to return to workafter retirement.Staying Engaged After Retirement (LLI)The Lifelong Learning Institute (JMU-LLI)promotes lifelong learning by providingaffordable, not-for-credit, intellectual, cultural,and social experiences to enrich the lives ofadults in the central Shenandoah Valley. Thereis no age restriction to be a member. Mostclasses meet during the weekdays.

LLI offers a wide variety of classes: history,art, music, current events, religion, languages,hobbies and more. There are no tests orgrades, just the love of learning. Do you havea talent or expertise in a certain area? ContactLLI and teach a class!Annual membership fee and per class feesapply. Visit www.jmu.edu/lli for moreinformation.Next StepsTo schedule an appointment with theretirement specialist to go over thisinformation in person, contact HR at 540-5686165 or use the online scheduling system tobook an te.com/.When you are ready to complete yourretirement paperwork, you should meet withthe retirement specialist to ensure youcomplete all VRS required forms anddocumentation. VRS retirement paperworkmust be submitted 60 to 90 days prior to thedate in which you wish to retire in order fortimely processing; therefore it isrecommended that you meet with theretirement specialist 120 days to six monthsprior to your desired retirement date.Page 11

ResourcesName/AddressContact InformationJMU Human Resources752 Ott St.Harrisonburg, VA 22807P: 540-568-6165 F: 540-568-7916Email: [email protected]: www.jmu.edu/humanresourcesVirginia Retirement SystemP.O. Box 1193Richmond, VA 23218P: 1-888-827-3847 F: 1-804-786-9718Email: [email protected]: www.varetire.orgSecurian (Minnesota Life Insurance)P.O. Box 1193Richmond, VA, 23218-1193P: 1-800-441-2258Web: : 1-800-842-2252Web: www.tiaa.com/jmuMeet with an advisor: sultations-seminarsFidelityP: 1-800-343-0860Web: netbenefits.com/jmuMeet with an advisor: call (202) 604-3842DCP777 N. Capitol Street NE, Suite 600Washington, DC 20002P: 1-877-327-5261Web: https://www.varetirement.org/dcp.htmlMeet with an advisor: https://icmarc.secure.force.com/events?SiteId a0lf1000006PZtzAAGValic (Now AIG)P: 1-800-448-2542Web: https://www.valic.com/Meet with an advisor: call 540-477-2680Social Security Administration351 North Mason St.Harrisonburg, VA 22802P: 1-866-964-1718 (Harrisonburg)P: 1-800-325-0778 (National)Web: www.ssa.govElderCare Associates420 Neff Ave, Suite 220Harrisonburg, VA 22801P: 540-433-1149Web: http://marketplaceagency.com/VPAS975 S High St.Harrisonburg, VA 22801P: 540-217-0474Web: https://www.vpas.info/Aflac1932 Wynnton RoadColumbus, GA 31999P: 1-800-992-3522 or 540-248-1304Web: http://www.aflac.com/jmuMeet with a representative: boyd [email protected] Emeriti AssociationP: 540-568-8064Web: https://www.jmu.edu/emeriti/The Long Term Care Company, Inc.P.O. Box 64011St. Paul, MN 55164-0011P: 1-800-761-4057Web: www.varetire.orgGenworthP: 866-859-6060Web: genworth.com/covPage 12

AppendixExhibit A: Non-Medicare Eligible Retiree Premium Rates . 15Exhibit B: Medicare Eligible Retiree Premium Rates . . 16Exhibit C: Medicare Initial Enrollment Period . . 16Exhibit D: Social Security Normal Retirement Age . . 17Page 13

Exhibit A: Non-Medicare Eligible Retiree Premium RatesCommonwealth of Virginia Health Benefits Non-Medicare retiree monthly premiums forJuly 1, 2021-June 30, 2022Non-Medicare eligible retiree group members pay the total premium.Please note: Get a premium reward if you are enrolled in COVA Care or COVA HealthAware. You or yourspouse can complete certain health activities to pay 17 less a month or 34 less when both of you meetthe requirements.PREMIUMHEALTH CAREplansYOUonlyPREMIUM WITH REWARDSYOUplusONEYOUplusTWO orMOREYOUonlyYOUplus SPOUSEYOUplus SPOUSEand MOREEmployeeEmployeeor SpouseEmployee& SpouseEmployeeor SpouseEmployee& SpouseCOVA CareTotal Premium 803 1,485 2,154 786 1,468 1,451 2,137 2,120COVA Care Out-of-NetworkTotal Premium 822 1,519 2,205 805 1,502 1,485 2,188 2,171COVA Care Expanded DentalTotal Premium 837 1,548 2,246 820 1,531 1,514 2,229 2,212COVA Care Out-of-Network Expanded DentalTotal Premium 856 1,582 2,297 839 1,565 1,548 2,280 2,263COVA Care Expanded Dental Vision & HearingTotal Premium 857 1,584 2,299 840 1,567 1,550 2,282 2,265COVA Care Out-of Network Expanded Dental Vision & HearingTotal Premium 875 1,618 2,349 858 1,601 1,584 2,332 2,315COVA HealthAwareTotal Premium 712 1,320 1,909 695 1,303 1,286 1,892 1,875COVA HealthAware Expanded DentalTotal Premium 744 1,379 1,995 727 1,362 1,345 1,978 1,961COVA HealthAware Expanded Dental &VisionTotal Premium 755 1,400 2,025 738 1,383 1,366 2,008 1,991COVA HDHPTotal Premium 602 1,120 1,637COVA HDHP Expanded DentalTotal Premium 635 1,181 1,726Kaiser Permanente HMO– (available primarily inNorthern Virginia)Total Premium 718 1,320 1,923Optima Health VantageHMO (available inHampton Roads area)Total Premium 779 1,442 2,087TRICARE VoluntarySupplement**Total Premium 61 120 161Page 14

Exhibit B: Medicare Eligible Retiree Premium RatesJanuary 1, 2021—December 31, 2021 Monthly Premium Rates for Medicare Eligible ParticipantsPLANONE PERSONTWO PERSONSAdvantage 65 (with Rx) 273 546Advantage 65 (with Rx) Dental/Vision 307 614Advantage 65 - Medical Only 170 340Advantage 65 - Medical Only Dental/Vision 204 408Option II - Medicare Supplemental 357 714Option II Dental/Vision 391 782NOT AVAILABLE TO NEW ENROLLEESTwo persons may choose the same or different Medicare-eligible plans; the total premium is the sumof each selectionExhibit C: SAMPLE Medicare Initial Enrollment PeriodMedicare Initial Enrollment Period for someone whose birthday is June 15thWhen you're first eligible for Medicare at age 65, you have a 7-month Initial Enrollment Period tosign up for Part A and/or Part B*.JuneMar.Apr.May(month inwhich youturn 65)Jul.Aug.Sept.If your birthday is on the first day of the month, your coverage starts the first day of the priormonth.If you sign up in the 3 months prior to your 65th birthday, coverage starts the 1st of the month inwhich you turn 65.*If you and your spouse are covered under a JMU group health plan and you are working pastage 65, you do not need to enroll in Medicare Part B when you are first eligible, but instead canenroll later at the time of retirement with no penalty during your Special Enrollment Period.Page 15

Exhibit D: Social Security Normal Retirement Age (SSNRA)The Normal Retirement Age (NRA) or Full Retirement Age (FRA) is the age at which a person mayfirst become entitled to full or unreduced retirement benefits. The table below shows how NRAvaries by year of birth for retirees.Birth YearAge to Receive Full Social Security Benefit1937 or earlier65193865 2 months193965 4 months194065 6 months194165 8 months194265 10 months1943 - 195466195566 2 months195666 4 months195766 6 months195866 8 months195966 10 months1960 and later67Notes:1. Persons born on January 1 of any year should refer to the normal retirement age for the previous year2.For the purpose of determining benefit reductions for early retirement, widows and widowers whoseentitlement is based on having attained age 60 should add 2 years to the year of birth shown in the tableSource: www.ssa.govPage 16

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MSC 7009752 Ott StreetHarrisonburg, VA 22807540-568-6165 cesOffice of Human Resources06/2021

with the Virginia Retirement System’s (VRS) publication “Optional Retirement Plan for Higher Education Handbook for Participants”, which can be found at www.varetire.org. You can also contact the JMU retirement specialist for a copy. The Human Resources office offers a retirement read