Latest Entries

July 17, 2013

Regents approve increase in pension plan contributions for 2014-15

The UC Board of Regents today (July 17) approved an increase in contributions to the UC Retirement Plan (UCRP) from both the university and employees, effective July 2014. Today’s action is part of a broader effort to maintain financially sustainable pension benefits for employees. Continue reading: Regents approve increase in pension plan contributions for 2014-15

June 27, 2013

HR to round ages in determining eligibility to remain under current rules for retiree health benefits

Nearly 700 additional faculty and staff will remain under the current graduated eligibility rules for retiree health insurance after systemwide Human Resources decided to round ages in determining whether an employee remains subject to the current graduated eligibility rules for retiree health or the new rules that are effective July 1. Continue reading: HR to round ages in determining eligibility to remain under current rules for retiree health benefits

June 25, 2013

Retirement plan contributions to increase July 1

As previously announced, contribution rates to the UC Retirement Plan (UCRP) for both the university and faculty and staff will go up next month.

Starting July 1, the university will pay 12 percent of pay, up from 10 percent, and contributions for faculty and staff will rise to 6.5 percent of pay, up from 5 percent. (Contributions for union-represented employees are subject to collective bargaining where applicable.) Continue reading: Retirement plan contributions to increase July 1

April 23, 2013

Retiree health benefit changes coming in July

By Anne Wolf

Retiree health is a benefit employers rarely offer, but UC has chosen to maintain it as part of its employment package. About half of current faculty and staff will be affected by new eligibility rules for retiree health benefits that go into effect on July 1, 2013. These rules were approved by the Regents in December 2010 as part of a series of reforms to address the $14.5 billion unfunded liability in the retiree health program, and to help sustain the long-term viability of the program. Continue reading: Retiree health benefit changes coming in July

July 31, 2012

Post Employment Benefits Update

The University of California Board of Regents approved changes to UC’s retiree health and pension programs in December 2010. For more detailed information on specific changes, please see the fact sheets below. All of the fact sheets (including Spanish language versions) are also posted under Fast Facts.