All rights reserved. The UC retirement plan is a comprehensive array of retirement benefits, savings programs and educational and counseling resources. UC invests the money in the UCRP. They have answers for your questions about pensions, UC Retirement At Your Service (UCRAYS), Fidelity accounts and retiree health coverage (including health plan options and projected costs including Medicare coordination, so that you can budget for these expenses in retirement). Follow this link to the schedule and be sure to register in advance. (voice mail only)email:benefits@ucdavis.edu phone: 530-752-1774 Key facts about your choices: Eligible pay,eligible earnings maximums, and designated faculty. In some cases, the UC departmental contributions paid to the UC Postdoctoral Scholars benefits (health, dental, vision, life, disability, accidental death and dismemberment insurances) on your behalf, are considered taxable income or (imputed income) per US Internal Revenue Service (IRS) regulations. Many factors play into whether or not retirees may retain their @ucdavis.edu email account and/or address. The full presentation lasts about 60 minutes, but sections can be viewed individually. You can decide later if you wish to follow through. Currently, most UCRP members contribute 7% of regular pay. Your card will be mailed to your home address. Your health is important to us, and we offer a wide range of health benefits to help take care of you and your family. Oakland, CA 94623-1570, Retirees, choose extension 4Active Employees, choose extension 3. For example, a 25-year-old who invests $2,000 a year for eight years and never invests an additional dollar can accumulate more by the age of 65 than a 35-year-old who invests $2,000 a year for 32 years, even though the 35-year-old invests four times as much. Retirees can view and print their monthly income statements on the UCRAYS or Retirement At Your Service portal (sign in and select "Benefit Income" under "Retirement & Savings"). All rights reserved. Link to UCnet Preparing for Retirement Presentation. Congratulations to all our 2023 retirees!!! Privileges for retired staff must be renewed annually; privileges for emeritus/a faculty do not expire. Services, Many units and departments extend discounts to UC Davis retirees, often similar to what they had will employed at UC Davis. Once you're vested, you can begin taking your UCRP benefits as either monthly payments or a lump sum when you leave UC and are at least age 50. Welcome U.S. Employees. These and many other questions should be considered several years prior to retirement in order to ensure a successful retirement. Are you sure you wish to continue? UC Davis retirees are eligible for a variety of additional privileges and discounts, including complimentary retiree (RT) parking permit, library access and the option to retain their email address (eligible emeriti) or apply for compli-mentary email forwarding service (Davis campus staff only). When one or more family members are not Medicare-eligible Medicare Part B reimbursement may apply if your premium cost is $0.00. The " UCnet " website contains many helpful resources, including a UC retirement estimator: UC RAYS ( Retirement At Your Service ). Health Science Compensation Plan Benefits. Download"The Four Pieces of Retirement"for a brief introduction to the many aspects of your retirement. Benefits University of California Retirement Plan (UCRP) Age at Retirement UCRP Service Credit Highest Average Plan Compensation (HAPC) Sick Leave Conversion Survivor Payments Alternative Payment Options Cost of Living Adjustments (COLAs) Retiree Health Coverage and Graduated Eligibility Death Payment Staff meets from 9 a.m. - noon; Academics/faculty/physicians meet 1 - 4 p.m. Follow this link to the schedule and be sure to register in advance. All rights reserved. All rights reserved. Since your contributions are generally made on a pretax basis, your UCRP benefits are generally taxable. More Information Human Resources Benefits website (e-mail preferred) How will you spend your time? Information about UC's contribution to medical and dental plans, as well as how the UC contribution to medical and dental premiums works can be found on the UCnet website. The handout includes a chart that shows how the UC pension is calculated. 2023 Regents of the University of California. By offering competitive benefits and rewards, our employees can continue to do their best work. Retirees can change plans at any time if they move out of their plans service area. Email: Retiree Center, The HCF Program assists UC Davis and UC Davis Health System employees and retirees with questions about their medical, dental, and vision coverage, including billing and claim problems, access issues and Medicare coordination. Among a tribe of like-minded female journalists, Allende for the first time felt comfortable in her own skin, as they wrote "with a knife between our teeth" about women's issues. The UC Retirement Administration Service Center has met a critical milestone in their strategic initiative to rebuild the centers operations the launch of a new team and phone line (888-825-6833) dedicated entirely to serving the survivors and beneficiaries of UC employees and retirees. Phone: 1-510-987-0200 (from outside the U.S.) Center for Advocacy, Resources & Education (CARE), 2022 Salary Program for Non-Represented Staff, Resources for Trans and Non-Binary Employees. Reciprocity and identifying as a CalPERS Classic member. Pension benefit is based on UCRP service credit, highest average 36 months of eligible pay (up to the PEPRA maximum) and age at retirement. The photo should be taken in front of a background that is white or off-white. A stand-alone 401(k)-style benefit based on eligible annual pay up to the annual IRS pay maximum ($330,000 in 2023). UC offers a comprehensive array of retirement benefits, savings programs and educational and counseling resources to help you plan for retirement. UC Davis partners with theRetirement Administration Service Center at the Office of the President in Oakland to assist employees in transitioning to the next important phase of their livesretirement. Only emeriti/ae professors qualify for a full computing account and therefore access to the on-line library databases. Retirees from other UC campuses must join either the UCDRA or UCDEA to be eligible to receive a complimentary retiree (RT) parking permit from Transportation and Parking Services (TAPS). Benefits Health & Welfare Benefits Your health is important to us, and we offer a wide range of health benefits to help take care of you and your family. For questions or assistance in choosing a plan, please call UC Davis Health's Consumer Resource Center at 800-2-UCDAVIS (800-282-3284). If you use your SSN to log in, please create a personalized username for added security. UC Irvine: 949-824 0500 . When you retire, you can draw retirement income as needed from your account. Sub Main Menu. Your account balance depends on your own contributions, plus investment performance over time. For those approaching retirement, the Retirement Administration Service Center (RASC) assists employees in making a smooth transition from Esteemed Employee to Respected Retiree. (This is an 8 or 9 digit number and is not the Kerberos login.). Phone: 530-752-1774 All distributions are subject to Plan rules. Employees in the latter group need to self-identify by contacting the UC Retirement Administration Service Center at 800-888-8267. UCRP benefits can be no more than 100% of your highest average pay and may be subject to IRS limits. You will still be able to view the statement on your UCRAYS account. . UCs contributions will vest after you have earned five years of UCRP service credit or, if earlier, on the date of your death, provided you are actively employed on that date. If you were a career employee prior to 2010, you previously made mandatory pretax contributions to the DC Plan. We are available by phone and email from 9:00 - 11:30 a.m., 1:00 - 3:30 p.m., Monday through Friday, excluding holidays. Mark your calendars now, This is a big time commitment. Tax season is upon us, and your documents can be easily retrieved through your UCRAYS account. Link to UCnet Preparing for Retirement Presentation. MondayFriday You vest in your pension benefits and in UCs contributions to your supplemental account once you have earned five years of UCRP service credit. Coffee . It is very likely that you will be put on hold for an hour or more. 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. Distributions from your supplemental account are governed by plan rules. HMO members can call (833) 674-9257 Monday through Friday, 8:00 a.m. to 8:00 p.m. (Pacific). Resources, Travel with fellow retirees. If you retired from another UC campus you are not eligible for a UC Davis identification card. For 2021, this workshop will be held live via Zoom. MondayFriday See also When should you call the Program? Employee contributions and the UCRP provisions described here are subject to collective bargaining for represented employees. Consider attending the Retiree Center's four week "Transitioning to Retirement" workshop in Jan/Feb 2021. We look forward to serving you! Some of the services available to UC Davis retirees are listed here. MondayFriday, 8:30 a.m.4:30 p.m. (PT). As a result, your benefits may be different than the benefits outlined here. The Benefits Office will be moving to Rancho Cordova in 2023. University of California, Davis, One Shields Avenue, Davis, CA 95616 | 530-752-1011. For example, you can confirm your choices, update your contact information, assign beneficiaries and more. 2You are not subject to the PEPRA maximum (and your retirement benefits may differ) if you: previously worked for UC in an eligible appointment (i.e., were previously a UCRP member before 7/1/16); were hired before July 1, 2016, and became eligible for retirement benefits after July 1, 2016; or were a Classic Member under CalPERS and are eligible for reciprocity with UC. More information can be found in the Retirement Handbook. Key facts aboutyour choices: Contribution rates. The RASC provides all retirement-related counseling and processing for UC Davis and UC Davis Health faculty and staff. This presentation will help you understand your retirement benefits and the steps to retire from UC. Box 24570 You may telephone ther Retirement Administration Service Center (RASC); Forms to elect or change withholding for UCRP monthly retirement income are available through the. Retirement Administration Service Center (RASC), Health Science Compensation Plan Benefits. PRIMARY RETIREMENT BENEFITS UC Retirement Plan Retirement Choice Program UC's primary retirement benefits provide a strong foundation to help you plan for retirement, with costs shared by you and UC. If you have had a break in service, please contact the UC Retirement Administration Service Center at 1-800-888-8267 to determine your benefits under UCRP. Should you have general questions that do not require an appointment, you are encouraged to call us at 530-752-5182 or send us an email at retireecenter@ucdavis.edu. UC contributes 8% of your eligible pay, up to the IRS pay maximum. You may telephone theRetirement Administration Service Center (RASC); Forms to to enroll, change, or cancel the direct deposit of their UCRP benefit are available through the. You have 31 days from your date of hire in which to enroll in health and welfare benefits. All employees get a pension plan with fantastic benefits, guaranteed. Non-academic appointmentsReemployment must not occur until there has been a break in service of at least 30 days, and preferably 90 days; the appointment must be limited to no more than 43% time in a 12-month period, and employment of a retiree must not exceed 12 months. (e-mail preferred). This presentation is usually offered in the spring and fall quarters and can be reached through the sidebar navigation on the left side of the HCF Program webpage. A library bar code will be applied to the retiree's AggieCard. As a UCRP 2013 Tier member, you can elect to retire and receive UCRPbenefits at any time after you become eligible that is, when you reach age 55 and leave UC employment with at least five years of service credit. Your contributions will begin to be deducted from your paycheck following your choice (usually within one to two pay periods). Employees who choose Savings Choice will have a one-time opportunity, beginning on the fifth anniversary of the calendar year in which they made their initial election, to switch to Pension Choice prospectively. Or dial by your location +1 669 900 6833 US. If you meet the eligibility requirements, you automaticallybecome a UCRP member and deductions are taken. Please refer to yourcollective bargaining agreementfor details. Telephone: (530) 754-4772 Email:aggieservice@ucdavis.edu, *Update - New process for retiree parking will begin August 1, 2022*, Please see further details here:Transportation Services- Parking for Retirees and Emeriti. Once youve decided which option is best for you, make your choice. Telephone: 800-888-8267. No loans are available from this plan. Register and log in when prompted, then select the option youve decided works best for you. HCF Program also offers a Health Insurance After You Retire presentation for current staff. 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. As a result, your benefits may be different than the benefits outlined here. Fidelity offers several different retirement readiness classes each year and the website contains additional information, including a retirement calculator. You can retire and receive UC benefits any time after you become eligible that is, when you have at least five years of UC Retirement Plan service credit and reach age 50 or 55, depending on which tier of the pension plan you're in. The Retiree Center will work with TAPS to assist you in obtaining this benefit. (link is external). Youll receive a confirmation statement reflecting your choice. UC's primary retirement benefits provide a strong foundation, with costs shared by you and UC. Your primary retirement benefits are determined by when you were hired. Get an estimate of income from your primary retirement benefit on UCRAYS. Withdrawals and rollovers are not allowed while actively employed at UC unless you are age 59 or older. If so, those contributions remain in your account. Retiree health care costs vary based on the plan chosen, one's years of service credit, and the date on which one became a retirement plan member. The University of California currently contributes toward the monthly cost of medical and dental coverage for retired employees who are receiving monthly benefits from the University of California Retirement System (UCRS). Eligibility for continued coverage, as well as the amount of the universitys contribution, are both determined by one's years of UC service credit, and the date one became a retirement plan member. Copyright The Regents of the University of California, Davis campus. Discounts, Retiree pension/payroll and health benefits are overseen by the UC Retirement Administration Service Center. (voice mail only)email:benefits@ucdavis.edu Session 1: Introduction and Understanding UC Retirement Plan Income Options This session will first provide an overview of the class series and information about retirement planning resources. The retiree ID card provides access to campus resources such as the library, and Activities and Recreation Center (ARC), as well as discounts at campus venues such as the Mondavi Center. UCLA Health: 310-794-0500 . All rights reserved. Davis, CA 95618, Benefits Representatives are working remotely, Benefits OfficeHealth Administrative Services (HAS) Building10850 White Rock RoadRancho Cordova, CA 95670, University of California, Davis, One Shields Avenue, Davis, CA 95616 | 530-752-1011. Coffee . To view or download your 2022 tax statements or 1099-R, select Tax Statements on your UC RAYSdashboard. Contributions are deducted from your paycheck on an after-tax basis and posted to your DC Plan After-tax Account. Copyright The Regents of the University of California, Davis campus. You become vested in your future UCRP benefit when you have five years or more of UCRP service credit; essentially, five years of membership in UCRP if you work full time. . For more information, contact the HCF Program directly at: 1Employer and employee contribution rates are set periodically by the UC Regents. Contributions are made on a pretax basis. Employer and employee contribution rates are set periodically by the UC Regents. The balance of your account will depend on the amount contributed by you and UC and on the performance of the investments you select. Some of the services available to UC Davis retirees are the Retiree Identification Card, Retiree parking permits, retiree email (limited) and use of UC Davis libraries. P.O. An employee who works 20 years will earn half of their highest salary when they retire as early as 60 years. When you retire, you may choose a lifetime monthly benefit or a lump sum cashout. You begin to earn service credit for your time worked when you start making contributions. For details, including eligibility requirements, please see the Summary Plan Descriptions. Voluntary savings programs and retirement planning resources give you the tools to save even more . If you leave UC employment prior to vesting, you are eligible to leaveyour contributions in UCRP where they accrue interest, or take a refund of your contributions. Benefits Office Please join us every Wednesday from 1011 a.m. via Zoom. Riverside, CA 92518. Savings Choice does not include disability benefits or continuing health benefits for your survivor, but you can choose employee-paid disability and supplemental life insurance. We provide science-based, technologically precise, compassionately delivered patient care. At UC Davis, we strive to create an environment where individuals can be problem solvers, risk takers and restless pioneers. As a young woman coming of age in the late 1960s, she rode the second wave of feminism. Your home mailing address and phone number. (e-mail preferred). 1450-1 Meridian Parkway Accessing UCPATH as a Retiree or Former Employee: The UC Retirement Administration Service Center introduces dedicated support for survivors and beneficiaries, The UC Retirement Administration Service Center has met a critical milestone in their strategic initiative to rebuild the centers operations the launch of a new team and phone line (, End of Life Tip - 4: After the Death of a Loved one, Retiree Center Book Club - August 23, 2023 10:00 - 11:30 am, Retiree Center Book Club - October 4, 2023 10:00 - 11:30 am, https://ucpath.ucdavis.edu/news/retirees-and-former-employees-accessing-your-w-2, Getting help with UC Retirement At Your Service (UCRAYS), Thursday, November 23, 2023 - Thanksgiving, account balance, contributions, and service credit. If youre represented by a union, your retirement benefits are governed by your unions contract with UC. Only legal names can be placed on cards. The UC Retirement Plan (UCRP) is a traditional pension plan that offers a predictable level of lifetime retirement income and includes benefits for you and your eligible survivors, as well as disability income if you become totally and permanently disabled before retirement. Just call the Retirement Administration Service Center (RASC) at (800) 888-8267 and select option 1. UC Retirement PlanRetirement Choice Program. Do you have a general benefits question and don't know where to go? Certain union employees are members of the Modified 2013 Tier. UCs primary retirement benefits provide a strong foundation to help you plan for retirement, with costs shared by you and UC. Both offer a valuable retirement income opportunity, but each works differently. When you are ready to discuss your retirement preparations, contact the Retirement Administration Service Center to speak to a Specialist:1-800-888-UCOP (8267)or you can access assistance online through a web form at: Center for Advocacy, Resources & Education (CARE), 2022 Salary Program for Non-Represented Staff, Resources for Trans and Non-Binary Employees, http://ucnet.universityofcalifornia.edu/contacts/csform.html. Will you relocate to a new community? As a UCRP 1976 Tier member, you can elect to retire and receive benefits at any time after you become eligible that is, when you reach age 50 and leave UC employment with at least five years of service credit. Learn how to get your retiree ID/library card, RT parking permit, and other privileges. Your full legal name. For details, please see theSummary Plan Descriptions. If youre represented by a union, your retirement benefits are governed by your unions contract with UC. You select investments for your DC Plan account, choosing from a menu of available investment options. (UCRP provisions are subject to collective bargaining for represented employees.). You may telephone the Retirement Administration Service Center (RASC); Forms to to designate a beneficiary to receive death benefits from UCRP (including CAP payment, if any) are available through the. Your contributions to your supplemental account, if any, will vest immediately. Open Search. If you are eligible, your UCRP benefit is based on your age, your years of UC service, and your highest average consecutive 36 months of pay. 260 Cousteau Place, Suite 100 Browse health plans, retirement plans, and other benefits to make the most of your UC Davis experience. . Telephone: 866-682-7787 Website: https://petersendean.com/partners/ucdavis-alumni/, University of California, Davis, One Shields Avenue, Davis, CA 95616 | 530-752-1011. Copyright The Regents of the University of California, Davis campus. Employees in the latter group need to self-identify by contacting the UC Retirement Administration Service Center at 800-888-8267. You've got questions? In general, if a department has determined a staffing need to fill the replacement vacancy created by retirement, the position is filled by open recruitment. Health Science Compensation Plan Benefits.