Archived entries for Restart of UCRP Contributions

August 20, 2010

Q&A: Can I contribute to the DC Plan?

Yes, you can make after-tax contributions to the DC Plan. You can also make pre-tax contributions to the 403(b) and /or 457(b) Plans. More information about these plans is available onAt Your Serviceand theFidelity Retirement Services websites.

August 20, 2010

Q&A: Can I use my DC Plan money to pay my UCRP contributions?

No. IRS rules do not allow this. However, your DC Plan money is yours and will be available to you as additional savings for retirement. In the meantime, you can continue to manage those investments throughFidelity Retirement Services.

August 20, 2010

Q&A: Is there a way to see how much I’ve contributed?

Yes, you can see your contributions in two ways.

First the contributions will be reflected in paychecks beginning May 7 through June 1, depending on when you get paid.

Second, you can view your contributions by logging in to your account on At Your Service. After entering your username and password, choose “UCRP and CAP Balances” under “Retirement” on the lower right.

August 20, 2010

Q&A: How much did employees contribute to the UCRP prior to 1990?

Prior to the current “contribution holiday,” the cost of funding the UCRP was shared between UC employees and the University. From 1976 through 1990, the level of contributions from employees and the university varied from year to year. One of the Regents’ goals is to create a predictable, long-term schedule of contributions, so that employees and the University can plan financially for the future.

August 20, 2010

Q&A: Is UC planning to offer any kind of early retirement incentive program, such as the VERIP programs of the early 1990s?

No. The University has no plans to offer an early retirement incentive program.