1. Optional Retirement Plan : This is a defined contribution plan. You may elect either TIAA-CREF or Fidelity Investments Tax-Exempt Services Company. As a member, you determine the allocation of contributions to the investment funds available within your chosen company. Vesting is immediate with the ORP. The benefits received at retirement will depend on the level of contributions, the duration of participation, investment gains and losses, the actual age at retirement, and the retirement income option selected. You can obtain more information at: http://www.wm.edu/hr/optionalretirement.php .

2. Virginia Retirement System (VRS) : This is a defined (or fixed) benefit retirement plan. Members must have at least five years of service and have attained age 55 to retire early with reduced benefits. To receive full benefits, the member must be age 50 with 30 years of service or age 65 with at least five years of service. The benefits received at retirement are determined by salary, length of service, age at retirement, and the retirement income option selected. More information can be obtained at the VRS web site at: http://www.varetire.org/