Medical Center Retirement Program (MCRP)

MCRP is available to salaried employees, - not including Housestaff. If you are Housestaff, you still receive disability and life insurance coverage.

If you are a Medical Center employee who previously participated in VRS Plan 1 or Plan 2, you may be eligible to choose between MCRP and the Virginia Retirement System (VRS). If you choose VRS, you must fill out a VRS-65 form and return it to UVA HR.

• For new hires only, navigate to Workday>Inbox and follow the instructions for your new hire enrollment action
• Select specific investments from TIAA or Fidelity (make a specific fund choice, or you will be placed into the default investment plan)

• UVA contributes 4% of your annual compensation.
• You can contribute up to 4% of your pay, and UVA will match up to 50% when you set up at least one 403(b) or 457 retirement savings plan.
• You are 50% vested right away, and 100% vested after 24 months of continuous service.

• UVA contributes 8% of your annual compensation.
• UVA will match 50%, up to a maximum of $40 / month, when you set up a 403(b) or 457 retirement savings plan.
• You own the contributions UVA puts into your plan.
• You are 100% vested after 12 months of continuous service.

You may not receive a retirement annuity while UVA is making contributions to your account. If you are receiving a retirement annuity from any Commonwealth of Virginia agency, please contact UVA HR.