In addition to your primary (required) retirement benefits, you may need to save additional money to have the standard of living you want in retirement. The voluntary UC Retirement Savings Program offers a convenient, tax-advantaged way to save for retirement.
The program includes:
- Tax-Deferred 403(b) Plan
- 457(b) Deferred Compensation Plan
- Defined Contribution Plan, which consists of the Pretax Account for mandatory contributions and the After-Tax Account for voluntary contributions and the taxable portion of rollovers from other employer plans.
Employees may contribute up to $18,000 annually ($24,000 if age 50 or older at any time in the calendar year) in pretax dollars to both the 403(b) and the 457(b) plans.
UC is the administrator of the Retirement Savings Program and Fidelity Retirement Services provides the record keeping and account services for the Program. See the myUCretirement website or call Fidelity Retirement Services at (866) 682-7787 for questions about:
- Account information
- Changing or canceling contributions
- 403(b) loans
- Performance information
- Transferring funds
Notice: Former employees, including former student employees, who contributed to the Defined Contribution Plan (DC Plan) and 403(b) Plan prior to July 1, 2005, may claim their funds by contacting the Retirement Administration Service Center. Read more about claiming retirement savings funds.