UVA's retirement plans help ensure you have enough income to live comfortably after you retire. Depending on your employment status, you have the option to enroll in the Virginia Retirement System (VRS), Optional Retirement Plan (ORP), or Medical Center Retirement Program (MCRP). Through these programs, you also get benefits like life insurance, disability coverage, long-term care benefits, and survivor benefits.
Saving for Retirement
Supplemental savings plans (403(b) and 457 allow you to invest additional money pre-tax or after-tax. They are also available to some employees who may not have a retirement plan through VRS, ORP, or MCRP.
This video explains VRS, ORP, and supplemental savings plans.