UCSB HR: UC Retirement and Savings

UC Retirement and Savings

University of California Retirement Plan (UCRP)

The University of California Retirement Plan provides retirement income for eligible employees and their eligible survivors and beneficiaries. UCRP is a governmental defined benefit plan in which benefits are calculated based on such factors as a member’s salary, age, and years of service credit.
For further information on UCRP membership, retirement income, the Lump Sum Cashout option, the CAP Account, and other UCRP benefits, click on the above UCRP link.

Retirement Savings Plans (RSVP)

The UC Retirement Savings Program offers a convenient, tax-advantaged way to save for retirement. The Program consists of

The Defined Contribution Plan, which consists of the Pretax Account for mandatory contributions and the After-Tax/Rollover Account for voluntary contributions and the taxable portion of rollovers from other employer plans
The Tax-Deferred 403(b) Plan and
The 457(b) Deferred Compensation Plan

While UC is the administrator of the Retirement Savings Program, Fidelity Investments Tax-Exempt Services Company (FITSCo) provides the record keeping and account services for the Program. Click on the above link for further information about the UC Retirement Savings Plans and FITSCo.

Processing Deadlines for 403b and 457b

Beneficiary Designations

It is important to list your UC beneficiaries and to keep this information current. You may name primary and secondary beneficiaries for UCRP, the DC Plan, 403(b), and 457(b) Plans. In addition, beneficiary designations are encouraged for any UC-sponsored life insurance plans, Accident Plan (AD&D), and the Business Travel Plan. Click on the above link for further information.

Online Calculator Tools

There are handy calculators to help you project future retirement benefits, future growth on supplemental retirement accounts, tax savings, and net paycheck values.

Retirement Plan Benefit Estimator (for UCRP, the Defined Benefit Plan)
Forecast Your Fortune
Paycheck Calculator

Meetings and Workshops

The UCSB Benefits Office conducts a monthly retirement workshop to assist employees in understanding the University of California Retirement Plan, along with other savings and investment programs. In addition, representatives from other financial organizations periodically come to campus to give workshops on such topics as mutual fund investing, asset allocation, and planning for retirement.

Monthly meeting schedule
Savings and Investment Workshops

Who to Contact

Please contact the Benefits Office with any questions you may have:
Jerry Chung, Sr. Benefits Analyst (via email)
Steve Pulliam, Sr. Benefits Analyst (via email)
Phone: (805) 893-2489