Frequently Asked Questions

Below you will find information that might help you understand how to find things or learn about information you might need to know about your city or town.

Human Resources - Retirement

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  • No, the City of Charlottesville has an independent retirement system. However, the City does have a portability agreement with VRS that applies to the Defined Benefit plans.

    Human Resources - Retirement

  • The City offers two retirement plans: 

    1. Defined Benefit (pension) Plan  
    2. Defined Contribution (401a) Plan.

    New employees select one of these options.

    Human Resources - Retirement

  • New employees have 30 days from their hire date to select a plan.

    Human Resources - Retirement

  • No, the decision is irrevocable.

    Human Resources - Retirement

  • Yes, you can! Please reach out to HR@charlottesville.gov to inquire. 

    Human Resources - Retirement

  • The City makes all contributions to the Defined Contribution (401a) plan.  The Defined Benefit plan is funded by three (3) sources: 

    1. Employee contributions
    2. City contributions
    3. Investment earnings.
    Human Resources - Retirement

  • The Retirement Commission oversees the plans.

    Human Resources - Retirement

  • No, the City’s retirement benefits are independent of Social Security.

    Human Resources - Retirement

  • For public safety employees, the mandatory retirement age is 60, with an early retirement option available. For regular employees, the normal retirement age is 65, with an early retirement option at age 60.

    Human Resources - Retirement