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Retirement

Road to Retirement

It’s never too early or too late to invest in your future, and the Division of Human Resources is here to help.

photo of road to retirement.

Retirement Notices:

VRS Hybrid Participants have until March 15th to elect voluntary contribution changes to be effective in April 2024. To adjust voluntary contribution percentages visit www.varetire.org/hybrid

2024 maximum annual limits for contributions to a 403(b) Plan / 457(b) Plan:
Under age 50: $23,000
Over age 50: $30,500 (with the $7,500 age catch-up)
Click here for additional information on 2024 voluntary plan limits.


Regular and restricted full-time and part-time salaried staff are covered by the Virginia Retirement System. Faculty employees may participate in the Virginia Retirement System or in an Optional Retirement Plan.

Voluntary retirement plans (403(b) and 457) allow you to invest additional money pre-tax or post-tax.

This video explains VRS, ORP, and voluntary retirement plans.