[UCRDBR] July 1, 2021 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan Participants

[Departmental Benefits Representatives]

[cid:image001.png at 01D72618.62E69C30]

March 31, 2021
To:
Department Benefits Representatives (DBRs)
From:
HR Benefits Office
Re:
July 1, 2021 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan Participants
Annual Annuitant COLA for UCRP and UC-PERS Plus 5 Plan Members
For the following retirement or disability dates, the July 1, 2021 cost-of-living adjustment (COLA) for UCRP and UC-PERS Plus 5 Plan annuitants or benefit recipients will be:
Retirement Date
UCRP COLA
UC-Pers Plus 5 COLA
On or before July 1, 2019
2.00%
2.00%
July 2, 2019 up to and including July 1, 2020
1.28%
N/A
Adjustment to HAPC for Inactive UCRP Members (Inactive COLA)
For the following separation dates, the July 1, 2021 Inactive COLA on the HAPC for UCRP Inactive members with 1976 Tier service credit, Safety or Tier Two members will be:
Separation Date
UCRP Inactive COLA
On or before June 29, 2020
2.00%
June 30, 2020 up to and including June 29, 2021
1.28%
The July 1, 2021 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan memo<https://hr.ucr.edu/sites/g/files/rcwecm656/files/2021-03/cola-br-memo-sent-03-22-2021.pdf> includes more information on how the COLAs were derived.

Beginning April 1, 2021, the updated 2021 Inactive COLA information will be used in the calculations in UCRAYS for retirements July 1, 2021 and later.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.ucr.edu/pipermail/ucrdbr/attachments/20210331/b15e4cc5/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 12623 bytes
Desc: image001.png
URL: <https://lists.ucr.edu/pipermail/ucrdbr/attachments/20210331/b15e4cc5/attachment.png>