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Employee Benefits

The University of Richmond offers an extensive benefits package that includes comprehensive health insurance, a 403(b) retirement plan, and tuition remission covering both credit and non-credit courses, in addition to countless other programs and services offered to eligible faculty and staff. Please review each section for eligibility information.

Leave

Eligible employees enjoy generous leave benefits, including 14 paid holidays. New staff members also accrue 12 vacation days and 12 sick days in their first year. In addition, the University offers a variety of leave options to accommodate individual needs, including parental leave, bereavement leave, personal leave, and more.

Insurance

The University of Richmond offers two Cigna medical insurance options, as well as voluntary dental and vision through Anthem Blue Cross/Blue Shield. Eligible employees are provided short and long-term disability, as well as basic life insurance coverage with the option to purchase additional voluntary life insurance for themselves and their dependents.

Life Status Changes

The benefit elections you select during Open Enrollment will apply to your coverage for each Plan Year beginning every January 1st. Generally, you cannot change your elections during a Plan Year; however, you may change your elections during a Plan Year if you experience a "change in status".

Retirement Plan

The University of Richmond Retirement Plan is a 403(b) defined contribution plan. All employees are able to contribute money to the 403(b) supplemental retirement annuity immediately. Eligible employees receive a five percent University contribution to the 403(b) retirement annuity. In addition, the University will match up to an additional five percent to the employee's retirement annuity.

Education

The University of Richmond offers tuition remission, covering both credit and non-credit courses for eligible employees and their dependents. The University is a member of two tuition exchange programs, making it possible for a full-time employee's dependent child(ren) to attend participating colleges or universities through a competitive scholarship program.

Work/Life Balance

The University of Richmond recognizes that balancing busy work lives and home lives is complex; the University works to provide resources and tools for success in all areas of the employee’s life. The resources provided on this page are intended to help employees intersect the challenges of work, family, and life responsibilities.