May 16, 2012
The UC Board of Regents today (May 16) approved several provisions related to the new tier of the UC Retirement Plan that was originally approved in December 2010. Continue reading: Regents clarify provisions for operation of UC Retirement Plan new tier
November 28, 2011
The University of California Board of Regents today (Nov. 28) approved an increase in retirement plan contribution rates for both UC and its employees effective July 2013.
Faculty and staff will contribute 6.5 percent of their pay and UC will contribute 12 percent to the UC Retirement Plan (UCRP) beginning July 1, 2013. Employees currently pay 3.5 percent and UC pays 7 percent. Those rates will increase to 5 and 10 percent respectively on July 1, 2012. Rates for represented employees are subject to collective bargaining. Continue reading: Regents approve increased pension contributions for 2013
October 18, 2011
Current faculty and staff, and the University of California will pay more into the UC Retirement Plan (UCRP) in 2013 under a proposal that the Board of Regents will consider at its November meeting.
UC will ask Regents to raise employee contributions to 6.5 percent of covered salary, effective July 1, 2013. UC would contribute 12 percent. Faculty and staff currently pay 3.5 percent while UC pays 7 percent. Beginning in July 2012, employees will pay 5 percent and UC will pay 10 percent. Employee rates apply to active members of the retirement plan and are subject to collective bargaining for represented employees. Continue reading: Regents to consider increased retirement plan contributions for 2013
July 14, 2011
Faculty and staff will see a change in their next paychecks as both the University of California and its employees start contributing more to the UC Retirement Plan.
The higher contribution rates start with July earnings and will be reflected in paychecks issued between July 20 to Aug. 8, depending on whether employees are paid biweekly, monthly or on a different cycle. Continue reading: Higher UCRP contributions affecting paychecks issued beginning July 20
May 23, 2011
Faculty, staff and UC will contribute more to the UC Retirement Plan (UCRP) beginning July 1.
Rates for most faculty and staff will rise to 3.5 percent of pay, up from roughly 2 percent for most employees. The university will pay 7 percent of pay, up from 4 percent. The amount will increase again in July 2012, with employees paying 5 percent and UC paying 10 percent. Continue reading: UC Retirement Plan contributions increasing July 1
Welcome to the Future of UC Retirement Benefits website, your source for information on proposed changes to UC’s retirement benefits. Come here to learn about recommended changes, submit a question or comment, follow the process, find resources and stay involved.
Copyright © 2010. Regents of the University of California . Feedback.
