Elective deferral limits for the VCU 403(b)/TDA plan and the Commonwealth of Virginia 457 Deferred Compensation Plan (DCP) increased for 2026. Read more at Retirement tax-savings limits.
🚨 Change to COV 457 Catch‑Up Contributions in 2026
Starting January 1, 2026, a new law will require that employees age 50 or older who earned more than $150,000 in FICA wages from VCU in the previous calendar year will only be allowed to defer catch‑up contributions on a Roth (after‑tax) basis. Pre‑tax catch‑up contributions will no longer be permitted.
👉 Learn more about this change please review the Changes to Age Based Catch sheet created by the Virginia Retirement System.
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.
You can find information on how to register your DCP Account and access the Voya Retire® mobile app on VRS' Account Access Guide.
Educational Opportunities
Check out the VRS Deferred Compensation Plan's 'Voya Learn' to find out about educational opportunities and dates for live learning sessions.
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.