University of California Retirement Plan (UCRP)

The University of California, Retirement Plan, UCRP, is automatic to employees who are appointed to work at least 50% effort for 12-months or longer duration who are not in an excluded appointment and/or appointment type, or those employees who worked 1,000-hours (750-hours for Unit 18 Lecturers) in a rolling 12-month calendar.

Retirement Savings Plans (RSvP)

The University of California offers a variety of Retirement Savings Plans (RSvP) that allows employees to save for their retirement. Including the 403(b) Plan, 457(b) Plan and Defined Contribution Plan as optional plans in addition to your primary plan to save additional money to have the standard of living you want in retirement.

UCRP Tiers are determined by the employee’s UCRP entry date and any break-in-service if applicable. The UCRP Tiers are:

• 1976 Tier with Social Security
  UCRP entry before 7/1/2013*
• 1976 Tier without Social Security
  UCRP entry before 7/1/2013* who did not elect Social Security during the 4/1/1976 election
• UCRP Safety Members
  UCRP entry before 7/1/1976 and later
• UCRP Tier Two Members
  UCRP entry date before 7/1/1990
• 2013 Tier (Regular and Modified)
  UCRP entry date between 7/1/2013 and 6/30/2016*
• 2016 Tier Pension Plan or Matching Plan
  UCRP entry date 7/1/2016 and later

*A tier break will occur if a member separates then rehires in a new Tier period after the last day of the month following the separation month.

CAP Capital Accumulations Provision.

A special provision established by the UC Regents when the state of California was having budget crisis. CAP affects UCRP members from 1992-1994 and 2002-2003.

UC Retiree Health Benefits are determined by the employee’s UCRP entry date and any breaks-in-service if applicable. A UC retiree could be eligible for UC Retiree Health Benefits if the employee:

• Retires within 120-days of separation,
• Elects the monthly pension benefit (1976-Tier),
• Is “Full Benefits” at the time of separation,
• And has a minimum of 10-UCRP service credit years, including sick hours.

The annual UC Contribution and retiree cost can be determined here:  https://uc.jellyvisioncustom.com/retiree-graduated-eligibility-premium

UC RAYS Retirement At Your Service

• Review UCRP credits
• Create UCRP Retirement estimates
• Create UCRP Service Credit Purchase Estimates and Information

UCRP Resources

• UC RASC: (800) 888-8267
• UC PATH: (855) 982-7284

Rehired Retirees 

• Policy
• Processes
• Affects

RSvPs

• 403B pre-tax or ROTH
• 457B pre-tax or ROTH
• Defined Contribution Plan 
• Fidelity Net Benefits

Defined Contribution Plan

• Pre-Tax Career
• After-Tax
• Safe Harbor

Fidelity Investments

• myUCretirement 
  • Investment Option
  • Master Record Keeper
  • Educational Provider
  • 2016 Tier UCRP Consultant

Financial Education Offerings

• Make the Most of the UC Retirement Savings Program
• A Woman’s Guide to Investing Beyond Retirement
• Maximize Social Security in Your Retirement Strategy
• Get a Handle on Your Current Student Loan Debt
• Strategies that can help you Manage Your Money
• Create a Budget and Build Emergency Savings
• Ways to Save with ROTH
• Retirement Basics
• How to Begin Investing for Retirement
• Investing for Beginners
• Investing Basics for Retirees
• Set Goals and Save for what you want