Human Resources and Payroll



Cash Match Plan

The Cash Match Plan is open only to salaried employees enrolled in the TIAA or Fidelity 403(b) plans or the 457 DCP. An employee contribution of $40 or more per pay period will generate a $20 cash contribution from the State (see chart for exact dollar amount based on number of pays). Employees contributing less than $40 per paycheck will receive an employer cash match of 50% of their contribution.

If your are enrolled in the VRS Hybrid plan, please remember that you’re eligible for the Cash Match only after you contribute the additional voluntary 4% to the Defined Contribution side of the Hybrid plan.


Number of Pays per Year Cash Match Maximum per Pay Period
24 Pays (semi-monthly) $20.00
18 Pays (9-month paid over 9 months) $26.66
26 Pays (bi-weekly) $18.46

Employees must be making a contribution to one of the following pre-tax savings plans:

Note: An employee currently making contributions with a vendor not listed above can still get the match by splitting their contribution between their current vendor and a participating vendor.

More Information
Investment Options: Complete Plan Document ( format: .pdf )
Amendment 1 .pdf  .doc
Amendment 2 .pdf  .doc
Amendment 3 .pdf  .doc