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Virginia Cash Match Plan 401(a)

Once you are contributing to one of the 403(B) Tax Sheltered Annuities or to the 457 Deferred Compensation Plan, full-time employees will be eligible for a cash match.  The cash match program offers a 50% match with a cap of $20.00 per pay period as long as the employee contributes $40.00 of his or her own money per pay period.

Employees who are enrolled in the Virginia Retirement System Hybrid retirement plan must be contributing a total of 9% to the Hybrid plan in order to be eligible for the cash match program.