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.

For 2022, employees may contribute up to $20,500 annually ($27,000 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.

Please note: According to IRS rules, enrollment in the 457(b) Plan cannot go into effect immediately. An initial deferral election, or change in deferral, is deducted from earnings starting the next following month after the election is made, subject to payroll processing deadlines. For example, if the deferral election or change is made in January, the first deduction is taken from February earnings, which is typically March 1 if paid monthly or the second paycheck in February if paid biweekly.

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
  • Beneficiaries
  • Changing or canceling contributions
  • Distributions
  • Enrolling
  • 403(b) loans
  • Performance information
  • Rollovers
  • 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.