Virginia Tech employees are eligible to participate in the university's Deferred Savings Program for retirement through after-tax contributions, known as Roth contributions. The Roth 403(b) program is an opportunity for employees to invest in after-tax savings and can be an integral part of longer term financial and/or retirement planning. Contributions made through the Roth 403(b) plan are made with after-tax income.

Learn more about the plan by attending an information session. Sessions are held several times each year. 

The Internal Revenue Service (IRS) limits the annual contributions employees can make to a 403(b) plan. The 2017 limits are:

  • Under age 50: $18,000
  • Age 50 or older: $24,000

Individuals with 15 years or more of service may also be eligible for an additional $3,000 catch up per year not to exceed $15,000 in a lifetime. Employees should talk with their plan vendor to determine if they are eligible for the catch up program.

The annual limit for 403(b) contributions is a combined limit. This limit applies whether 403(b) contributions are made pre-tax (under the 403(b) Tax Deferred Savings Plan), after-tax (as Roth contributions) or a combination of both.

The following companies are approved vendors:

Company Contact
Enrollment Instructions
TIAA 1-800-842-2733
www.tiaa.org/public/tcm/vt
PDF
Fidelity Investments 1-800-343-0860
https://nb.fidelity.com/public/nb/atwork/home
PDF