Certain benefits are also available to part-time salaried and to certain wage personnel. Personnel Services should be contacted for additional information regarding benefits programs. Please refer to other programs and services that support employees and their families for more information about programs such as employee wellness and tuitions assistance available at the university. The University pays premiums for all full-time, regular and restricted faculty and staff of the University . The program is administered through the Virginia Retirement System with Life of Virginia as the insurance carrier.
Coverage is the current annual salary rounded up to the nearest thousand then doubled.
In cases of accidental death, a double indemnity clause provides the beneficiary double the amount of insurance. Retirees will retain the life insurance benefit at a value of one half their final annual salary. Faculty or staff members who leave the University may convert the term insurance to a private whole life policy if the request is made within 31 days after separation. Faculty may participate in VRS or in an optional retirement plan. Employees are vested in VRS after 5 years of service.