[UCRDBR] 2021 Personalized Retirement Review

[Departmental Benefits Representatives]

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May 17, 2021
To:
Department Benefits Representatives (DBRs)
From:
HR Benefits Office on behalf the UC Office of the President
Re:
2021 Personalized Retirement Review
On behalf of the UC Office of the President (UCOP), we would like to announce that the 2021 Retirement Review is now available for career employees on www.myUCretirement.com.
2021 Retirement Review
The Retirement Review is a personalized statement featuring employee retirement readiness scores, the percentage of the current salary that the employee can anticipate to receive from UC retirement system sources: UCRP and the Retirement Savings Program. Also available is a modeling tool that allows employees to explore different retirement scenarios like increasing retirement savings and adding outside sources of income.

New Groups included in 2021
Now available for Retirement Choice Program participants, multi-tier and 2013 modified tier UCRP members. Previous versions excluded these groups.
Retirement Reviews are not generated for:

         *         Certain members with community property liens and pending QDROs. However, those in this category may access their Retirement Review on myUCretirement.com and generate readiness scores by manually entering certain information into the modeling tool.

         *         Safe Harbor or Terminated employees.

Communications
An email<https://hr.ucr.edu/sites/g/files/rcwecm656/files/2021-05/retirement-review-email-sample.pdf> / postcard<https://hr.ucr.edu/sites/g/files/rcwecm656/files/2021-05/retirement-review-postcard-sample.pdf> announcement was issued to employees on May 12, 2021. An article has been posted to myUCretirement.com<https://myucretirement.com/> and includes a link to a short overview video. A related article<https://ucnet.universityofcalifornia.edu/news/2021/05/are-you-on-track-for-retirement-get-answers-with-your-2021-retirement-review.html> has been posted to UCnet.

Please note: postcards will be mailed to any member without email addresses in the Fidelity system.

Any inquiries regarding the Retirement Review should be directed to Fidelity Investments at (800) 558-9182.


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