In January 2025, your Virginia Retirement System Defined Contribution Plan will introduce a new enhanced DCP website, powerful new plan features and a new record keeper, Voya Financial® (Voya). No action is required.
Questions about the transition?
- Be sure to read the transition newsletter, mailed to your home address the week of October 21.
- Register for a transition information session, hosted by Voya Financial.
- Visit dcp.varetire.org/transition for additional details about what’s new, key transition dates and Voya's readiness tools and resources.
- Contact a Voya customer service associate at 833-625-0115.
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Retirement savings limits increase for 2025
Elective deferral limits for the VCU 403(b)/TDA plan and the Commonwealth of Virginia 457 Deferred Compensation Plan (DCP) increased for 2025. Read more at Retirement tax-savings limits.
Deferred Compensation Plan
The Deferred Compensation Plan (DCP/457b) is a benefit offered through the Virginia Retirement System (VRS) to help you plan for your retirement. The plan is available to VCU employees as a convenient way to save for retirement. The sooner you start participating, the sooner you begin enjoying the benefits of before-tax savings, a cash match and tax-deferred growth and compounding. It is one way you can help secure your financial future. All enrollments and contribution changes are to be made online at Virginia Retirement Systems.
Educational Opportunities
Check out the VRS Deferred Compensation Plan's calendar of events to find out about educational opportunities and dates for regional meetings and monthly webinars.
Contact Us
For questions about your benefits, please submit a help ticket through the HR Service & Support Tool. You can also contact benefits@vcu.edu or call (804) 827-1723.
Your HR Professional may also be able to answer some benefits related questions.