[UCRDBR] UC Retirement System Plan Document/Regulation Updates and Updated Collective Bargaining Unit Participation for Retirement Choice Program

[Departmental Benefits Representatives]

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January 28, 2025


To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of UC Office of the President
Re:
UC Retirement System (UCRS) Plan Document and Regulation Updates/Updated Collective Bargaining Unit Participation in the Retirement Choice Program

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>.


Please view the information below regarding updates to the UC pension plans documents.

The plan documents for the University of California Retirement Plan<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/ucrp.pdf> (UCRP), the Defined Contribution Plan<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/defined-contribution-plan.pdf> (DC Plan), the Tax-Deferred 403(b) Plan<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/tax-deferred-403b.pdf>, the 457(b) Deferred Compensation Plan<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/457b-deferred-comp-plan.pdf>, the UCRP Regulations<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/ucrp-regulations.pdf>,  the 403(b) Plan Regulations<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/tax-deferred-403b-regulations.pdf>, and the 457(b) Plan Regulations<https://ucnet.universityofcalifornia.edu/wp-content/uploads/tools-and-services/administrators/docs/457b-deferred-comp-regulations.pdf> have been updated as of July 1, 2024.  Please view the Summary of UCRS Amendments<https://documents.ucr.edu/HR-Benefits/benefits-Summary-of-UCRS-Amendments.pdf> listing the changes.

There were no changes to the plan document for the PERS Plus 5 Plan or the 415(m) Restoration Plan, or to the regulations for the DC Plan.

You may find the UCRS plan documents and plan regulations on UCOP's UCnet website under:

https://ucnet.universityofcalifornia.edu/tools-and-services/administrators/retirement-savings-plans.html

Please view this link to review the updated list of Collective Bargaining Units participation<https://documents.ucr.edu/HR-Benefits/benefits-Collective-Bargaining-Units-Participation.pdf> in the Retirement Choice Program.  This list can also be found in Appendix R of the UCRP and Appendix C of the DC Plan.

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