Faculty Retirement Options

Choosing Your Retirement Program

The choice of a retirement program is a critical one because of its impact on your financial security. As a university employee with academic rank, you have the choice between two retirement plans that are distinctly different:

  • Hybrid Plan: Combination Defined Benefit and Defined Contribution Plan
  • Optional Retirement Plan: Defined Contribution Plan

Please note:  The VRS Hybrid Plan described is for those who began employment on or after January 1, 2014. For those faculty who were hired before January 1, 2014:

  • VRS
    • Plan 1: Hired prior to July 1, 2010
    • Plan 2: Hired between July 1, 2010 and December 31, 2013
  • ORP: Contact benefits@gmu.edu