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<p class="MsoNormal"><a name="_Hlk161057670"></a><a name="_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><img width="197" height="75" id="Picture_x0020_4" src="cid:image001.png@01DB35A8.9D54F490" alt="A blue text on a black background
Description automatically generated"></span></a></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif"><o:p> </o:p></span></span></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">November 13, 2024<o:p></o:p></span></span></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></span></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></span></span></p>
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<span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif">To:<o:p></o:p></span></span></span></p>
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<span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></span></span></p>
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<span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif">From:<o:p></o:p></span></span></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="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif">Central HR Benefits Office on behalf of UC Office of the President<o:p></o:p></span></span></span></p>
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<span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif">Re:<o:p></o:p></span></span></span></p>
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<p class="MsoNormal"><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><b>2025 Indexed Dollar Amounts for Tax-Qualified Retirement Plans and Social Security Wage Base</b></span></span><span style="mso-bookmark:_Hlk161058449"><span style="mso-bookmark:_Hlk161057670"><span style="font-size:11.0pt;line-height:115%;font-family:"Arial",sans-serif"><o:p></o:p></span></span></span></p>
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<span style="mso-bookmark:_Hlk161057670"></span><span style="mso-bookmark:_Hlk161058449"></span>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">DBRs, please share this information via your internal listserv.<b>
<u>Do not reply to this email.</u> </b>Please<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">send a separate email with questions to
</span><a href="mailto:benefits@ucr.edu"><span style="font-size:11.0pt;font-family:"Arial",sans-serif">benefits@ucr.edu</span></a><span style="font-size:11.0pt;font-family:"Arial",sans-serif">.<span style="color:blue"><o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height:normal"><br>
Per UCOP, the Internal Revenue Service announced the <a href="https://documents.ucr.edu/HR-Benefits/benefits-IRS-Indexed-Figures.pdf" title="https://documents.ucr.edu/HR-Benefits/benefits-IRS-Indexed-Figures.pdf">2025 dollar amounts</a> provided under qualified
pension plans and tax-sheltered annuity arrangements that have been indexed for cost-of-living increases. The 2025 Social Security wage base is included for your reference.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal">Note: The optional Secure 2.0 provision that allows for higher catch-up contributions at ages 60-63 is still under consideration for potential adoption in 2026.<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><o:p> </o:p></p>
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