All employer contributions to your retirement or savings plan will cease upon termination. You will most likely be unable to make additional contributions. If you have not been employed for very long with your employer, you might lose all benefits that had been built up, unless you are vested. Check the terms of the plan to see if there is any event or time period which is upcoming in the near future which would permit you to qualify for a larger benefit (the date when you would accumulate another year of service, for example). Ask if there is some way for you to stay on the payroll or otherwise obtain credit for an additional year of service in order to enhance your benefits.