Human Resources
Optional Retirement Savings Plans
Voluntary Investment Plan & Deferred Compensation Program
CWU offers two optional, pre-tax retirement savings plans:
- Voluntary Investment Plan (VIP) – a 403(b) plan
- Deferred Compensation Program (DCP) – a 457 plan administered by the Department of Retirement Systems
Voluntary Investment Plan (VIP)
Enroll or change contributions in the Voluntary Investment Plan online.
Deferred Compensation Program (DCP)
Enroll or change contributions in the Deferred Compensation Program online.
Maximum Contribution Limits
The maximum annual contribution limit for 2026 is $24,500. If over age 50, the limit is $32,500. This maximum may be met separately in the VIP and DCP. CWU reserves the right to stop or return VIP or DCP contributions to prevent over-deferrals.
Additionally, if you made over $145,000 in 2025, VIP contributions must be made on a Roth, after-tax basis.
Withdrawals
VIP: Funds may only be withdrawn after age 59 1/2 or after separation from employment. Penalty for early withdrawal may apply.
DCP: Funds may be withdrawn after separation from employment or under special circumstances.
The University cannot provide investment advice to employees.
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