Ron Lieberman, Sr. Benefits Representative
My Services to YOU
Provide UC Benefits assistance to 49 HR
My areas are: Business Affairs, SIO and the
Chancellors Office – 4,706 individuals!
Provide personalized and confidential
assistance to all staff
Pre-retirement workshops and counseling
My Services to YOU
UC Website assistance (At Your Service Online)
Annual Open Enrollment
Monthly e-mail updates & information to all HR
Contacts and to YOU!
Why do I need to review each month?
Provides a summary of your enrollments & elections
Medical plan, single, two-party or family
Dental plan, single, two-party or family
Vision plan, single, two-party or family
Life insurance, Basic, Supplemental & Dependent
Disability, Basic & Supplemental
Accidental Death & Dismemberment
Health Care and/or DepCare Reimbursement Accounts
Auto, Home & Renters Insurance
Federal & State withholding elections
DC Plan, 403(b) and/or 457(b) Plan deductions
The University of CA Retirement System
UCRP – 401(a) Defined Benefit (pension) Plan
Defined Contribution Plan (DC Plan) – (401(a)
mandatory pre-tax plan
Voluntary Defined Contribution After-Tax Plan
Voluntary Pre-Tax contribution plan – 403(b)
Voluntary Pre-Tax contribution plan – 457(b)
The UC Retirement (Pension) Plan
Contributions will resume
During retirement, the University of California
retirement plan (UCRP) provides lifetime monthly
income to eligible employees – or – a Lump Sum
In the past, both employees and the university put
money into UCRP.
This money was invested so it could grow.
Because investments did so well, in the early 1990’s the
Regents decided that employees and the university
could stop putting money into the UCRP. There was
enough money in the plan for current and future
Today the plan still has enough money to make
retirement payments, but investments are not
growing as much, and UC wants to avoid the
funding problems that many other pension plans
around the country are experiencing. UC needs
to keep the plan healthy long into the future.
Here are the facts – not rumors
As part of their ongoing efforts to protect future
employee pension benefits and ensure the long-
term health of the UC Retirement Plan (UCRP)
the UC Regents have decided that contributions
from both the university and employees will
need to be reinstated, beginning as early as July
This will keep the UCRP financially stable for
the future and help prevent the problems that
many other public pension funds are currently
Highlights of the July Regents’ Meeting
Contributions will start small and gradually
increase to minimize the financial impact on
employees and UC.
Initial contributions will be the same as the DC
Plan – 2% for most employees. As a result, we
will see no loss in take-home pay.
Your pre-tax contribution will go to UCRP and
not the DC Plan.
Your DC Plan money will still be there and you
will still control how your money is invested.
UC will also contribute to UCRP in the same amount
that will be at least equal to employees contributions.
UC is not planning to cut salaries to pay for
contributions to UCRP.
Reinstatement of UCRP contributions are subject to
availability of funding, the budget process and collective
bargaining for represented employees.
For more information about the restart of
contributions and UCRP, go to “The Future of the
UCRP” on the At Your Service Online website.
When should I start? Who can help me?
You can call me anytime during your career at
UC X40987, or
Retirement calculations are available 24/7 on the
At Your Service website:
http://atyourservice.ucop.edu, login and select
Retirement processing should begin 90 days
before the date you want to retire