Clinical Providers - Voluntary Retirement Savings Program (VRSP)

The VRSP is a defined contribution 403(b) plan that lets you contribute from 1% to 80% of your eligible pay on a pre-tax and/or Roth after-tax basis, in half percentages, through convenient payroll contributions.

  • Eligibility begins on date of hire.
  • You are always 100% entitled to the value of your own contributions.
  • The IRS sets a maximum contribution limit each year, which applies to combined contributions, pre-tax and Roth after-tax basis. Please review the table below:

You have a wide range of funds to choose from for investing your savings, available through TIAA and/or Vanguard.

Are Signed Up? Log in to CUBES to make your pre-tax elections, Roth elections - or a combination of both. You can also check your payroll statement to ensure you are participating in VRSP.

Your Contributions

Contributions deducted from your pay before federal income taxes (and, in most areas, state and local income taxes) are applied. Your pre-tax contributions and their investment earnings will not be subject to taxes as long as they remain in your VRSP account.

After-tax contributions, which means you pay taxes on Roth contributions along with the rest of your current pay. Because you pay taxes on your Roth contributions when they go into the VRSP, you’ll pay no taxes on Roth contributions when they are paid out to you from the Plan, subject to certain rules.

If you are hired after July 1, 2013, and you do not make an election to contribute on a pre-tax and/or Roth basis to the VRSP, you will automatically be enrolled to contribute 3% of your eligible pay on a pre-tax basis 60 days following your hire date.

If you are age 50 or older, you may contribute an additional amount—up to $7,500 in 2025 and $8,000 in 2026—on a pre-tax and/or Roth basis to your VRSP. You become eligible for catch-up contributions on January 1 of the year you turn 50.

Log in to CUBES to make this election.