[UCRDBR] Update! Retirement Savings Program – Processing Flat Dollar vs. Percentage Deferral Elections

[Departmental Benefits Representatives]

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August 12, 2025

To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of UC Office of the President
Re:
Update! Retirement Savings Program – Processing Flat Dollar vs. Percentage Deferral Elections

DBRs, please share this information via your internal listserv.  Do not reply to this email.  Please
send a separate email with questions to benefits at ucr.edu<mailto:benefits at ucr.edu>.

UCOP has updated the July 8, 2025 communication (see below) to add guidance on how and when employees should update their retirement savings elections to reflect as a rollover of accrued vacation hours on their final paycheck.

Please note that various factors may impact how these elections are processed, and as a result, the deductions may not occur as the separating employee prefers.  To ensure accurate information and implementation, employees with questions about how retirement savings deductions are applied to their final pay should contact the UCPath Center directly at 855.982.7284 for assistance.

July 8, 2025 Communication:

This communication serves as a reminder regarding the processing of employee deferral elections to the UC Retirement Savings Plans:


  *   Flat Dollar Contributions
Flat dollar deferral amounts are applied only to regularly scheduled payroll cycles.


  *   These contributions will not be deducted from any off-cycle, special, or stand-alone paychecks).


  *   Percentage-Based Contributions
Percentage-based deferrals are processed on all types of payrolls, including regular, off-cycle, and special paychecks (recommended for terminal vacation hours rollover or payout).

To ensure transparency and employee awareness, this information has been incorporated into the
NetBenefits.com (https://www.netbenefits.com<https://www.netbenefits.com/>) platform where employees make deferral elections.  Please use this information as the accurate contribution processing method and a clear understanding of the Fidelity NetBenefits contribution options for the Voluntary Retirement Savings Plans.

Please refer to the screenshot below:

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Additionally, employees may refer to the UCPath Knowledge<https://ucpath.universityofcalifornia.edu/> database for more detailed guidance.  The relevant article can be found by searching the following title:  “How do I enroll in or change my retirement savings plan contribution amounts?”

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