Benefits

Retirement

Whether you are just starting your career or nearing the twilight of your professional days, financial planners will tell you that it is never too early to start planning for retirement.

We offer the VCUHS Defined Contribution Plan, which is based on a participant's age and their years of service on a graded scale. Contributions increase with age and years of service. Thus we can reward longevity in a tangible way.

We offer a choice of three investment companies with a variety of fund options. Our employees vest after three years of continuous participation.

Defered Compensation

  • You can defer up to 85% of your base annual salary or $15,000 (whichever is less) with an additional $5,000 if you are over 50 years of age, tax-free; money is taxed when you make withdrawals. This amount is subject to IRS regulation.
  • You decide how much to contribute each pay period and how to invest this money with one of three investment companies. Each company offers a number of investment funds from which you may choose.
  • VCUHS will match 100% of your deferral up to 2% of your base salary.