[UCRDBR] Total Normal Cost Rate for Establishing Service Credit for 2022

[Departmental Benefits Representatives]

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November 22, 2021
To:
Department Benefits Representatives (DBRs)
From:
HR Benefits Office on behalf of the UC Office of the President
Re:
Total Normal Cost Rate for Establishing Service Credit for 2022

The University of California Retirement Plan (UCRP or Plan) allows Members to purchase Service Credit used in the calculation of retirement benefits for periods of approved leave of absence, temporary layoff, furlough, sabbatical leave, or extended sick leave ("approved leaves").

To purchase Service Credit for periods of approved leaves starting July 1, 1997 and later, Members who are within their three-year window pay the Total Normal Cost with interest for the first two years and pay the Individual Actuarial Cost for any additional years.

For more information, please review the 2022 Total Normal Cost Rates for Service Credit Purchases memo<https://hr.ucr.edu/sites/g/files/rcwecm656/files/2021-11/total-normal-cost-rates-for-service-credit-purchases-memo.pdf>.


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