May 23, 2011

UC Retirement Plan contributions increasing July 1

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. Read more…