UVA_HRAn Opportunity to Review Your Plans for Retirement
Return to Open Enrollment Homepage Frequently Asked Questions Retirement Podcast Retirement Podcast Transcript
Make the most of your Savings Opportunities.
Return to Open Enrollment Homepage Frequently Asked Questions Retirement Podcast Retirement Podcast Transcript
Why Review Retirement Benefits during Open Enrollment?
While, most employees will not make retirement plan elections during Open Enrollment, and this information is provided for newly hired and newly eligible employees, it can be helpful to review your contributions, get up to date with contribution limits, and check out how much you've saved.
Contribution Limits for Supplemental Savings Plans 403(b) and 457 for 2027 may change, but will be announced in November.
2026 IRS Contribution Limits
Age 49 and Under: $24,500
Age 50+ Catch-Up: Additional $8,000 (Maximum annual contribution: $32,500)
Super Catch-Up (Ages 60–63): Additional $11,250
(Maximum annual contribution: $35,750)
The Super Catch-Up is available if you are age 60 through age 63 by the end of the calendar year. Beginning with the calendar year in which you turn 64, your limit reverts back to the Age 50+ Catch-Up.
Age 50+ Catch-Up: Additional $8,000 (Maximum annual contribution: $32,500)
Super Catch-Up (Ages 60–63): Additional $11,250
(Maximum annual contribution: $35,750)
The Super Catch-Up is available if you are age 60 through age 63 by the end of the calendar year. Beginning with the calendar year in which you turn 64, your limit reverts back to the Age 50+ Catch-Up.
UVA Cash Match
If you participate in the ORP, MCRP, or VRS retirement plan, you may be eligible for a UVA cash match when you contribute to a 403(b) or 457 supplemental savings plan.
VRS and ORP Participants:
Receive a UVA cash match of up to 50%, to a monthly maximum of $40.
Example: Contribute $80 per month to receive the maximum $40 monthly match.
MCRP Participants:
Receive a UVA cash match of up to 50%, to a monthly maximum of 2% of your pay.
Example: Contribute 4% of your salary to receive the maximum UVA cash match of 2%.
Visit the VRS, ORP, or MCRP retirement pages to learn whether you are eligible for a UVA cash match.
VRS Webpage
ORP Webpage
MCRP Webpage
VRS and ORP Participants:
Receive a UVA cash match of up to 50%, to a monthly maximum of $40.
Example: Contribute $80 per month to receive the maximum $40 monthly match.
MCRP Participants:
Receive a UVA cash match of up to 50%, to a monthly maximum of 2% of your pay.
Example: Contribute 4% of your salary to receive the maximum UVA cash match of 2%.
Visit the VRS, ORP, or MCRP retirement pages to learn whether you are eligible for a UVA cash match.
Retirement Plan Eligibility and Enrollment
Your retirement plan options depend on your employment type (listed in your offer letter) and your hire date. Use the information below to determine which retirement plans are available to you.
If you are a newly hired employee, you have 60 days from your hire date to choose a retirement plan. If you do not make a selection within that time, you will automatically be enrolled in the Virginia Retirement System (VRS).
Your retirement plan choice is generally permanent and also determines your disability, accidental death and dismemberment (AD&D), and life insurance coverage.
Virginia Retirement System (VRS)
Edible Employees Include: University Staff, Faculty, Classified Staff, Research Associates, and Research Scientists. Note: Medical Center Team members who previously participated in the VRS Plan 1 or Plan 2 may choose VRS over MCRP by filling out a VRS-65 form.
VRS WebpageOptional Retirement Plan (ORP)
Edible Employees Include: University Staff Managerial & Professional, University Staff Executive, Faculty, Research Associates, and Research Scientists
ORP WebpageMedical Center Retirement Program (MCRP)
This program is available to Medical Center employees only
MCRP WebpageBoost your retirement savings
This short video outlines the UVA retirement plan, optional supplemental savings program, and how your savings will compound over time.
403(b) and 457 Supplemental Savings Plans
If you are eligible for one of the retirement plans above, you may also have a supplemental savings plan. Housestaff, temps, and wage employees may also enroll in a supplemental savings plan.
Learn More about Supplemental SavingsRetirement Planning Sessions
Retirement planning sessions with TIAA, Fidelity, Voya and VRS are available through the signup links below.
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Schedule Planning Session with TIAA
TIAA Planning Sessions
You can choose to meet virtually or in-person. Watch the video to learn how to make the most of your appointment.
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Schedule an Appointment with Fidelity
Fidelity Planning Sessions
You can choose to meet virtually or in-person.
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Schedule an Appointment with VOYA
Voya Planning Sessions
You can choose to meet virtually or in-person.
Dates and Next Steps
- Open Enrollment begins on Monday, October 5 and remains open until 11:59 p.m. on Friday, October 16.
- You will receive a task in your Workday Inbox on October 6 to get started.
- After open enrollment ends, benefit changes will be limited to Qualifying Life Events
- On January 1, 2027 the elections you made during Open Enrollment will take effect.
- Any updates to your paycheck deductions will appear on your first 2027 paycheck.
Activate this button to open a menu of quick links for Open Enrollment resources. Use the Tab key to move through the links. Activate the button again to close the menu.
Learn about Life Insurance
Life Insurance WebpageLearn about Long Term Care Insurance
Long-Term Care WebpageReview Other Benefits
Benefits OverviewPostdoctoral Fellows
The Open Enrollment process for all Postdoctoral Fellows (non-UVA employees) is managed through UVA Human Resources. For additional information specific to Postdoctoral Fellows, contact Corinne Clasbey or Rachel Short.