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<p class="MsoNormal"><span style="mso-ligatures:none"><img width="159" height="60" style="width:1.6562in;height:.625in" id="Picture_x0020_1" src="cid:image001.jpg@01DAF792.5CFEA890"></span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">August 26, 2024<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif">To:<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif">From:<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif">HR Central Benefits Office on behalf of UC Office of the President<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif">Re:<o:p></o:p></span></p>
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<b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-ligatures:none">Retirement Savings Program - Purchase window for Deferred Lifetime Income open from 09-03-2024 to 09-25-2024
</span></b><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif">DBRs, please share this information via your internal listserv.
<u>Do not reply to this email.</u> Please send a separate email with questions to
</span></b><a href="mailto:benefits@ucr.edu"><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#657C9C">benefits@ucr.edu</span></b></a><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#657C9C">.</span></b><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">In 2021, UC introduced an enhancement to the Retirement Savings Program’s Pathway Funds: Deferred Lifetime Income (DLI). This optional deferred income annuity lets participants
convert a portion of their UC 403(b), 457(b), or DC Plan balance into fixed monthly payments beginning at age 78, when they may need it most.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif">This year's purchase window is open from September 3 through September 25, 2024.</span></b><span style="font-size:12.0pt;font-family:"Arial",sans-serif"> Retirement Savings
Program participants between the ages of 62 and 69 who meet other <a href="https://myucretirement.com/Resource/2302">
<span style="color:windowtext">criteria</span></a> are eligible to purchase DLI. <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Deferred Lifetime Income communication materials were sent to eligible participants in August 2024. To learn more, participants can
<a href="https://fmr.zoom.us/webinar/register/WN_x6O3nEu8SOC7mSyn-fpuVg#/registration">
<span style="color:windowtext">attend a webcast</span></a> on Wednesday, August 28, 2024, at 12:00 PM, Pacific Time. Please visit
<a href="https://myucretirement.com/income"><span style="color:windowtext">myUCretirement.com</span></a> for a tutorial, DLI income estimator and video from UC’s Chief Investment Officer Jagdeep Singh Bachher.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-ligatures:none">Participants may contact Fidelity at
<b>1-800-558-9182</b> with any questions about Deferred Lifetime Income</span><span style="font-size:14.0pt;font-family:"Arial",sans-serif;mso-ligatures:none">.<b><o:p></o:p></b></span></p>
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