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Faculty 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.


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.

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.