UC Retirement Plan (UCRP)

UCRP is a traditional pension plan that includes benefits for you and your eligible survivors, as well as disability income if you become totally and permanently disabled before retirement.

How it works

  Member before July 1, 2013 (1976 Tier)Member on or after July 1, 2013 (2013 Tier)
Purpose

UCRP is designed to provide a predictable level of income when you retire.

UCRP is designed to provide a predictable level of income when you retire.

Eligibility

Your membership in UCRP automatically begins on the day you start an eligible appointment.

  • You are eligible if you have an appointment for 50% time or more on a fixed or variable basis for one year or longer.
  • You may also become eligible if you work 1,000 hours or more in a 12-month period.

Contact your benefits office or see your summary plan description for more details on eligibility.

Your membership in UCRP automatically begins on the day you start an eligible appointment.

  • You are eligible if you have an appointment for 50% time or more on a fixed or variable basis for one year or longer.
  • You may also become eligible if you work 1,000 hours or more in a 12-month period.

Contact your benefits office or see your summary plan description for more details on eligibility.

Benefit

If you are eligible, your benefit is based on your age, your years of UC service, and your highest average 36 months of pay.

If you are eligible, your benefit is based on your age, your years of UC service, and your highest average 36 months of pay.

UC Contributions

Currently, the UCRP employer contribution is 12% of eligible pay for all members.

Currently, the UCRP employer contribution is 12% of eligible pay for all members.

Your Contributions

1976 TIER

 

Contact your benefits office to confirm your contribution level.

  • Currently, most UC employees contribute 6.5% of regular pay, less $19 a month.
  • Safety employees (those in an eligible police or firefighter position) contribute 7.5% of regular pretax pay, less $19 a month.

2013 TIER

 

Contact your benefits office to confirm your contribution level.

  • Currently, most UC employees contribute 7% of regular pay.
Investments

Your contributions are maintained in a separate account and earn interest.

Your contributions are maintained in a separate account and earn interest.

Vesting

You become vested in your future UCRP benefit when you have five years or more of UCRP service credits–essentially, five years of membership in UCRP. In certain circumstances, service credits with CalPERS will count toward your UCRP vesting requirement.

You become vested in your future UCRP benefit when you have five years or more of UCRP service credits–essentially, five years of membership in UCRP. In certain circumstances, service credits with CalPERS will count toward your UCRP vesting requirement.

When Benefits are Available

1976 TIER

 

Once you're vested, you can begin taking your UCRP benefits when you leave UC and are at least age 50. Since your contributions are generally made on a pretax basis, your UCRP benefits are generally taxable.

2013 TIER

 

Once you're vested, you can begin taking your UCRP benefits when you leave UC and are at least age 55. Since your contributions are generally made on a pretax basis, your UCRP benefits are generally taxable.

Payment Options

1976 TIER

 

You can receive monthly payments or a lump sum payment. UCRP also offers options for disability income as well as death and survivor benefits.

Monthly payments:
  • Can be made over your lifetime. When you die, your surviving spouse or domestic partner automatically receives 25% of your monthly retirement benefit.
  • You may choose a reduced benefit over your lifetime in order to provide an additional benefit over the lifetime of your survivor or other designated recipient.
  • UCRP benefits can be no more than 100% of your highest average pay and may be subject to IRS limits.
Lump sum payment:
  • Available if you are eligible to retire and have never previously received monthly retirement income from UCRP.
  • Think carefully before you choose a lump sum payment. When you take a lump sum, you give up the right to other UCRP benefits, including monthly survivor income, and will not be eligible for retiree health care coverage.

2013 TIER

 

You can receive monthly payments. UCRP also offers options for disability income as well as death and survivor benefits.

 

Monthly payments:

  • Can be made over your lifetime.
  • You may choose a reduced benefit over your lifetime in order to provide a benefit over the lifetime of your survivor or other designated recipient.
  • UCRP benefits can be no more than 100% of your highest average pay and may be subject to IRS limits.

Please note: If you have had a break in service, please contact your local benefits office to determine your benefits under the UCRP.

 

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

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