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2025- Pre-Retirement Planning-University of California Retirement Plan

Автор: UC Santa Cruz Benefits Office

Загружено: 2025-02-20

Просмотров: 503

Описание: This workshop recording provides an overview of the University of California Retirement System (UCRS), which consists of the UC Retirement Plan (UCRP), supplemental savings programs, and retiree health benefits. Employees eligible for retirement benefits can choose between Pension Choice (a defined benefit plan) and Savings Choice (a defined contribution plan), with vesting and contribution requirements based on employment status. The retirement process involves submitting required documents and selecting benefit options, with some restrictions on post-retirement employment. Additional retirement income sources include Social Security, voluntary savings plans, and the Capital Accumulation Payment. Some employees may opt for a lump sum cash-out instead of monthly pension payments, forfeiting certain benefits. UC provides various resources to support retirees, including counseling, online tools and retiree associations

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2025- Pre-Retirement Planning-University of California Retirement Plan

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