Virginia Cash Match Plan 401(a)
Eligible Employees
Classified | Operational | Executive | 12-Month Professional & Faculty | 12-Month Postdoc | 9-Month Professional, Faculty & Postdoc
Full-time employees who contribute at least $10 per pay period to the 403(B) Tax Deferred Savings Plan or to the 457 Deferred Compensation Plan are eligible for an employer cash match.* The cash match program offers a 50% employer match on one plan only, with a cap of $20 per pay period.
*Employees who are enrolled in the Virginia Retirement System Hybrid Retirement Plan must be contributing a total of 9% to the hybrid plan in order to be eligible for the cash match program.
