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</head>
<body lang="EN-US" link="#467886" vlink="#96607D" style="word-wrap:break-word">
<div class="WordSection1">
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<td colspan="2" valign="top" style="padding:0in 5.4pt 0in 5.4pt;height:21.55pt">
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:115%"><img width="183" height="70" id="Picture_x0020_2" src="cid:image001.png@01DC6A98.F9F1F830" alt="A blue text on a black background
AI-generated content may be incorrect."></span><span style="font-size:11.0pt;line-height:115%"><o:p></o:p></span></p>
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<tr style="height:21.55pt">
<td colspan="2" valign="top" style="padding:0in 5.4pt 0in 5.4pt;height:21.55pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt">December 11, 2025<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt"><o:p> </o:p></span></b></p>
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<td width="48" valign="top" style="width:.5in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt">To: <o:p></o:p></span></p>
</td>
<td width="710" valign="top" style="width:7.4in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt">Department Benefits Representatives (DBRs)<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
</td>
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<td width="48" valign="top" style="width:.5in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:115%">From: <o:p></o:p></span></p>
</td>
<td width="710" valign="top" style="width:7.4in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt">Central HR Benefits Office on behalf of UC Office of the President<o:p></o:p></span></p>
</td>
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<tr style="height:.2in">
<td width="48" valign="top" style="width:.5in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:115%">Re: <o:p></o:p></span></p>
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<td width="710" valign="top" style="width:7.4in;padding:0in 5.4pt 0in 5.4pt;height:.2in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt">Important New 2026 Contribution Limits and Roth Catch-Up Rules for UC’s 403(b) and 457(b) Plans<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt">____________________________________________________________________________________________________<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt">DBRs, please share this information via your internal listserv.
<u>Do not reply to this email.</u> Please<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt">send a separate email with questions to
</span></b><span style="font-size:11.0pt"><a href="mailto:benefits@ucr.edu"><b>benefits@ucr.edu</b></a></span><b><span style="font-size:11.0pt">.<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Beginning <b>January 1, 2026</b>, several significant updates to annual contribution limits and catch-up rules for the UC 403(b) and 457(b) Plans will take effect. These updates will apply to employees
who will be <b>age 50 or older in 2026 with 2025 earnings that exceed $150,000</b>. Some of the changes may directly affect the rules for whether their </span><span style="font-size:11.0pt;color:black;mso-ligatures:none">catch-up </span><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">contributions
are pretax (with taxes paid when they withdraw funds) or Roth (with after-tax contributions now and potential tax-free withdrawals in retirement).<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Key Changes Effective January 1, 2026—<i>Employee Action May Be Required<o:p></o:p></i></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="color:#222222;margin-bottom:14.0pt;line-height:normal;mso-list:l1 level1 lfo4;background:white">
<b><span style="font-size:11.0pt;mso-ligatures:none">New 2026 contribution limits</span></b><span style="font-size:11.0pt;mso-ligatures:none"><br>
Eligible participants may contribute up to <b>$24,500</b> to each plan (pretax and/or Roth), plus an <b>$8,000 age-50+ catch-up to each plan </b>(see section 2 below for more information), for a total of <b>$32,500 per plan</b> or <b>$65,000 total </b></span><b><span style="font-size:11.0pt;color:black;mso-ligatures:none">(standard
and age-50+ catch-up combined) </span></b><b><span style="font-size:11.0pt;mso-ligatures:none">across both plans</span></b><span style="font-size:11.0pt;mso-ligatures:none">. Employees’ 2025 contribution amounts will automatically carry over into 2026.<o:p></o:p></span></li><li class="MsoNormal" style="color:#222222;margin-bottom:14.0pt;line-height:normal;mso-list:l1 level1 lfo4;background:white">
<b><span style="font-size:11.0pt;mso-ligatures:none">Required Roth catch-up contributions for high earners</span></b><span style="font-size:11.0pt;mso-ligatures:none"><br>
Under SECURE 2.0, if a participant’s <b>2025 Social Security (FICA) wages exceed $150,000</b>, all age-50+ catch-up contributions made in 2026 must be <b>Roth</b>. Regular contributions up to $24,500 may still be pretax, Roth or a combination, based on the
employee’s current election with Fidelity. Catch-up contributions will be treated as Roth even if the employee did not designate them as Roth with Fidelity.<o:p></o:p></span></li></ol>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Here are some examples:</span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"> </span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p></o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="612" style="width:458.75pt;margin-left:37.85pt;background:white;border-collapse:collapse">
<tbody>
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<td width="198" valign="top" style="width:148.25pt;border:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Employees’ Election with Fidelity</span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p></o:p></span></p>
</td>
<td width="414" valign="top" style="width:310.5pt;border:solid black 1.0pt;border-left:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">How 2026 Contributions Will Be Treated</span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p></o:p></span></p>
</td>
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<td width="198" valign="top" style="width:148.25pt;border:solid black 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">All pretax<o:p></o:p></span></p>
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<td width="414" valign="top" style="width:310.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">First $24,500 is pretax; amounts over $24,500 are Roth.<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">All Roth<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">All contributions are Roth.<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Mix of pretax and Roth<o:p></o:p></span></p>
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<td width="414" valign="top" style="width:310.5pt;border-top:none;border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Mix applies up to $24,500; amounts above $24,500 are Roth until the Roth catch-up limit is reached. Then, pretax and Roth deductions
resume as originally elected.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:14.0pt;margin-left:.5in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="3" type="1">
<li class="MsoNormal" style="color:#222222;margin-bottom:14.0pt;line-height:normal;mso-list:l3 level1 lfo5;background:white">
<b><span style="font-size:11.0pt;mso-ligatures:none">New “Super Catch-Up” for participants ages 60–63</span></b><span style="font-size:11.0pt;mso-ligatures:none"><br>
Participants who will be ages <b>60–63 in 2026</b> may contribute up to <b>$11,250 in catch-up contributions per plan</b>. This allows up to <b>$35,750 per plan</b>, or as much as <b>$71,500 across both plans</b>. The enhanced “super catch-up” limit for ages
60–63 <b>replaces the standard $8,000 catch-up</b> noted above and is <b>subject to the same SECURE 2.0 Roth catch-up requirement for high earners</b>.<o:p></o:p></span></li></ol>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none">High earning employees who prefer to manage their pretax vs. Roth contributions more intentionally in 2026 may consider splitting contributions across both 403(b) and 457(b) plans; details are
included in this <a href="https://fwc.widen.net/s/hcv255dczc/secure-2.0-email" target="_blank"><span style="color:#1155CC">participant communication</span></a></span><span style="font-size:11.0pt;color:black;mso-ligatures:none">.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Next Steps for Employees<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><br>
Participants are encouraged to:<o:p></o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="color:#222222;margin-bottom:14.0pt;line-height:normal;mso-list:l2 level1 lfo6;background:white">
<span style="font-size:11.0pt;mso-ligatures:none"><a href="https://digital.fidelity.com/prgw/digital/wos/one-on-one?planSponsorId=700003" target="_blank"><span style="color:#1155CC">Schedule a 1:1 consultation</span></a> or call <b>1-800-558-9182 </b>(no appointment
needed) to speak<b> </b>with a UC-dedicated Fidelity Retirement Planner about their 2026 contribution strategy, the impact of required Roth catch-ups, modifying their elections, planning for retirement and more. Employees can learn more about the UC 403(b)
and 457(b) Plans on <a href="https://myucretirement.com/" target="_blank"><span style="color:#1155CC">myUCretirement.com</span></a>.<o:p></o:p></span></li><li class="MsoNormal" style="color:#222222;margin-bottom:14.0pt;line-height:normal;mso-list:l2 level1 lfo6;background:white">
<span style="font-size:11.0pt;mso-ligatures:none">Review their January 2026 contribution elections in <a href="https://nb.fidelity.com/static/mybenefits/netbenefitslogin/#/login" target="_blank"><span style="color:#1155CC">NetBenefits</span></a>. Deferral elections
can be changed at any time on <b><a href="https://nb.fidelity.com/static/mybenefits/netbenefitslogin/#/login" target="_blank"><span style="color:#1155CC">NetBenefits</span></a> </b>or by calling <b>1-800-558-9182</b>.<b>
</b>However, to help ensure that their elections take effect when they intend, employees should submit their election changes according to the pay frequency schedule on the <a href="https://ucop.edu/ucpath-center/_files/mypath/calendar/rsp-enrollment-change-dates-2026.pdf" target="_blank"><span style="color:#1155CC">UCPath
2026 payroll calendar</span></a> or the <a href="https://ucop.edu/ucpath-center/_files/mypath/calendar/lbnl-rsp-enrollment-change-dates-2026.pdf" target="_blank"><span style="color:#1155CC">UCPath 2026 payroll calendar for LBNL employees</span></a>.<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="margin-bottom:14.0pt;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">If no changes are made, age-50 catch-up contributions for high earners will automatically be processed as Roth—as required by SECURE 2.0.</span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:14.0pt;line-height:normal;background:white">
<b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Communications & Resources</span></b><span style="font-size:11.0pt;color:#222222;mso-ligatures:none"><br>
A detailed <a href="https://fwc.widen.net/s/hcv255dczc/secure-2.0-email" target="_blank"><span style="color:#1155CC">email announcement</span></a> outlining these upcoming 2026 changes will also be issued to active plan participants who will be age 50 or older
in 2026 and whose 2025 earnings exceed $150,000. The UCPath Center also plans to distribute a similar update.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:14.0pt;line-height:normal;background:white">
<span style="font-size:11.0pt;color:#222222;mso-ligatures:none">Employees can learn more about the 2026 IRS contribution limits on <a href="https://www.myucretirement.com/resources/articles/0085" target="_blank"><span style="color:#1155CC">myUCretirement.com</span></a>.
Additional communications about the new limits will be sent to active participants in January 2026.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;line-height:115%"></span><span style="font-size:11.0pt;line-height:115%"><o:p></o:p></span></p>
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