Archived entries for News & Updates

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. Read more…

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.

May 23, 2012

UC Retirement Plan contributions increasing July 1

Faculty, staff and UC will contribute more to the UC Retirement Plan (UCRP) beginning July 1, 2012.

Rates for faculty and staff will rise to 5 percent of pay, up from roughly 3.5 percent. The university will pay 10 percent of pay, up from 7 percent. Read more…

May 16, 2012

Regents clarify provisions for operation of UC Retirement Plan new tier

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. Read more…

November 28, 2011

Regents approve increased pension contributions for 2013

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. Read more…