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<p class="MsoNormal"><span style="mso-ligatures:none"><img width="159" height="60" id="_x0000_i1025" src="cid:image001.jpg@01DA79E7.B5F109D0"></span></p>
<p class="MsoNormal"><span style="font-size:6.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">March 19, 2024<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in">
<span style="font-family:"Arial",sans-serif">To:<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in">
<span style="font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in">
<span style="font-family:"Arial",sans-serif">From:<o:p></o:p></span></p>
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<td width="621" valign="top" style="width:465.55pt;padding:0in 0in 0in 0in;height:19.95pt">
<p class="MsoNormal" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in">
<span style="font-family:"Arial",sans-serif">Central HR Benefits Office on behalf of UC Office of the President<o:p></o:p></span></p>
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<span style="font-family:"Arial",sans-serif">Re:<o:p></o:p></span></p>
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<td width="621" valign="top" style="width:465.55pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:22.55pt">
<p class="MsoNormal" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:0in">
<b><span style="font-family:"Arial",sans-serif">July 1, 2024 Annual COLA Information for UCRP and UC-PERS Plus 5 Plan</span></b><span style="font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Arial",sans-serif">DBRs, please share this very important information via your internal listserv.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><i><span style="font-size:14.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></i></b></p>
<p class="MsoNormal"><b><u><span style="font-family:"Arial",sans-serif">Annual Annuitant COLA for UCRP and UC-PERS Plus 5 Plan Members<o:p></o:p></span></u></b></p>
<p class="MsoNormal"><b><u><span style="font-family:"Arial",sans-serif"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">For the following Retirement or Disability Dates, the July 1, 2024 cost-of-living adjustment (COLA) for the UC Retirement Plan and UC-PERS Plus 5 Plan annuitants or benefit recipients will be:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
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<p class="MsoNormal" style="line-height:105%"><b><span style="line-height:105%;font-family:"Arial",sans-serif">Retirement or Disability Date<o:p></o:p></span></b></p>
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<p class="MsoNormal" style="line-height:105%"><b><span style="line-height:105%;font-family:"Arial",sans-serif">UCRP COLA<o:p></o:p></span></b></p>
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<p class="MsoNormal" style="line-height:105%"><b><span style="line-height:105%;font-family:"Arial",sans-serif">UC-PERS Plus 5 COLA<o:p></o:p></span></b></p>
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<tr style="height:15.0pt">
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style="line-height:105%"><span style="line-height:105%;font-family:"Arial",sans-serif">On or before July 1, 2023<o:p></o:p></span></p>
</td>
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="right" style="text-align:right;line-height:105%"><span style="line-height:105%;font-family:"Arial",sans-serif">2.00%<o:p></o:p></span></p>
</td>
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="right" style="text-align:right;line-height:105%"><span style="line-height:105%;font-family:"Arial",sans-serif">2.00%<o:p></o:p></span></p>
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<p class="MsoNormal"><b><u><span style="font-family:"Arial",sans-serif;mso-ligatures:none"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal" style="line-height:95%"><b><u><span style="line-height:95%;font-family:"Arial",sans-serif">Adjustment to HAPC for Inactive UCRP Members (“Inactive COLA”)<o:p></o:p></span></u></b></p>
<p class="MsoNormal"><b><u><span style="font-family:"Arial",sans-serif"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">For the following separation dates, the July 1, 2024 Inactive COLA on the HAPC for UCRP Inactive members with 1976 Tier service credit, Safety or Tier Two members will be:
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify;line-height:95%"><span style="line-height:95%;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr style="height:15.0pt">
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style="line-height:105%"><b><span style="line-height:105%;font-family:"Arial",sans-serif">Separation Date<o:p></o:p></span></b></p>
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<p class="MsoNormal" style="line-height:105%"><b><span style="line-height:105%;font-family:"Arial",sans-serif">UCRP COLA<o:p></o:p></span></b></p>
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<tr style="height:15.0pt">
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style="line-height:105%"><span style="line-height:105%;font-family:"Arial",sans-serif">On or before June 27, 2024<o:p></o:p></span></p>
</td>
<td nowrap="" valign="bottom" style="padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="right" style="text-align:right;line-height:105%"><span style="line-height:105%;font-family:"Arial",sans-serif">2.00%<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><br>
On March 24, 2024, the 2024 Inactive COLA information will be in production in UCRAYS and used for calculations for retirement dates on July 1, 2024 and later.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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