Retirement and Financial Planning
February 6, 2013 3:12:03 PM PST
Read about UC retirement benefits and savings and investment plans, and find out how you can get financial planning assistance.
Retirement saving and investing
The University of California Retirement System (UCRS) offers several retirement savings and investment plans to eligible UCSD employees:
- University of California Retirement Plan (UCRP): A defined benefit plan for eligible UC employees. This means your benefits are determined by a formula including age, salary, and years of service. The plan provides you with monthly retirement income, or you can choose to take a lump sum cashout.
- 403(b): A voluntary savings and investment plan. You contribute on a pretax basis, which reduces your taxable income. Your contributions and earnings are taxed when you withdraw the money.
- 457(b): Another voluntary, tax-deferred savings and investment plan. When used with an existing 403(b) plan, the 457(b) plan effectively doubles the amount you can put into tax-deferred retirement savings.
Note: Fidelity Retirement Services maintains participant accounts and records for these plans. See At Your Service for detailed information on Fidelity Retirement Services and on the DC Plan, 403(b) and 457(b). To enroll in any or all of these supplemental retirement benefits, log into Fidelity NetBenefits.
Other programs and resources
This page has a friendly link that's easy to remember: http://blink.ucsd.edu/go/financialplanning
Notice: The information on this page summarizes provisions of university policies and/or collective
bargaining agreements. Refer to the Personnel Policies for Staff
Members (PPSM) or applicable collective bargaining
agreement for full text of referenced information.