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<div class=Section1>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>April 8, 2010<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>To: All Departments<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>Re: Payroll Office<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>Re: Restart of UCRP Contributions<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>-----------------------------------------------<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:black'>As you may have heard or read, University of California Retirement
Plan (UCRP) contributions are scheduled to restart with May earnings paid June
1, 2010 (see copy of Scotmail announcement below). We are hereby giving
you additional information to help you plan for this implementation. First,
the May 7<sup>th</sup> check date announced below is for campuses with semi-monthly
payroll and since UCR does not run this payroll cycle, it does not apply to us.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif"'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif"'>You
also need to know that employer contributions for employees on ‘Staff and
Academic Reduction in Time (START) program will be implemented a month sooner
at a reduced rate. <b>Therefore, effective April earnings paid April 30,
2010, departments will be charged UCRP employer contribution of 2 percent for
employees on START; however, there will not be an employee deduction.</b><span
style='color:#1F497D'><o:p></o:p></span></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>Effective May earnings paid June 1, 2010, the full restart of <u>UCRP
Employer Contributions at 4 percent</u> will be implemented.<br>
<u>Employee deductions</u> will be redirected from DCP to UCRP as follows:<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>--Members with Social Security below wage base ($106,800) - (employee
deduction = 2% less $19)<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>--Members with Social Security above wage base ($106,800) - (employee
deduction = 4% less $19)<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>--Members with NO Social Security - (employee deduction = 3%
less $19)<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>--Safety Members (Police and Firefighters) - (employee deduction
= 3% less $19)<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>The revised benefits rate table is available at: <a
href="http://accounting.ucr.edu/ben2010.htm">http://accounting.ucr.edu/ben2010.htm</a>.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'>Thank you.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Trebuchet MS","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-family:"Tahoma","sans-serif"'> staff-bounces@scotmail.ucr.edu
[mailto:staff-bounces@scotmail.ucr.edu] <b>On Behalf Of </b>Kimberly Grossmann<br>
<b>Sent:</b> Friday, April 02, 2010 11:07 AM<br>
<b>To:</b> ans@scotmail.ucr.edu; faculty@scotmail.ucr.edu;
99_nounit@scotmail.ucr.edu; staff@scotmail.ucr.edu<br>
<b>Subject:</b> [Staff] Restart of UCRP contributions<br>
<b>Importance:</b> High<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=body>April 2, 2010<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body><i>Please Post/Circulate<o:p></o:p></i></p>
<p class=body> <o:p></o:p></p>
<p class=body><b>To</b>: All UCRP Members<o:p></o:p></p>
<p class=body><b>Re</b>: University of
California Retirement Plan (UCRP)<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body><b>Information about the upcoming restart of UCRP contributions<o:p></o:p></b></p>
<p class=body> <o:p></o:p></p>
<p class=body>Dear colleague:<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>As you know, for several years the University has been talking
about the critical need to restart financial contributions to the UC Retirement
Plan (UCRP), from both UC and employees, in order to ensure the long-term
health of the plan. <o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>This is a reminder that contributions are about to begin. Faculty
and staff in UCRP will begin making contributions with May earnings, which will
be reflected in paychecks beginning May 7 through June 1, depending
on when you get paid.<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>As previously announced, employee contributions will begin with a
redirection of the 2% of pay currently going into UC’s Defined
Contribution Plan via an automatic payroll deduction. Thus, there will be no
change in your take-home pay in the first year of contributions (contribution
levels for both UC and employees are expected to increase over time).
UC’s contributions will begin at 4%.<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>Please take a moment to read about the restart in the latest
issue of the <i>Our University</i> newsletter (<a
href="http://www.universityofcalifornia.edu/ouruniversity/0310/">http://www.universityofcalifornia.edu/ouruniversity/0310/</a>),
and watch for more information about UCRP contributions in upcoming issues.
There is also a wealth of information at the Future of UC Retirement Benefits
website: <a
href="http://www.universityofcalifornia.edu/news/ucrpfuture/ucrp_restart.html">www.universityofcalifornia.edu/news/ucrpfuture/ucrp_restart.html</a>.
We encourage you to visit the site regularly for updates and other important
information.<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>If you have questions, please feel free to call the Benefits
Office at x24766.<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>Sincerely,<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
<p class=body>Marilyn
Voce,
Katina
Napper,<o:p></o:p></p>
<p class=body>Associate Vice Chancellor, Human
Resources
Assistant Vice Provost, Academic Personnel<o:p></o:p></p>
<p class=body>
<o:p></o:p></p>
<p class=body> <o:p></o:p></p>
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