The plan enables participants to take advantage of federal and state tax breaks and supplement retirement income. Please contact the university Benefits Manager for more information. The Virginia Retirement System offers additional life insurance coverage on insured full-time faculty and their spouse or children. New faculty have 31 days from their contract begin date to apply for VRS optional life insurance. Other companies also offer additional life insurance.
Premiums can be payroll deducted.
This type of insurance provides faculty with short-term disability payments for up to one year. Contact the university Benefits Manager for provider information. Enrollment must be selected within 31 days of the contract begin date. Annual premium payments are paid by payroll deductions concurrent with the normal teaching faculty contract schedule. Effective coverage continues through the summer months if the faculty contract is renewed.