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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black;border:none windowtext 1.0pt;padding:0in"><img width="144" height="55" id="Picture_x0020_1" src="cid:image001.png@01DCE784.7550A130" alt="A blue text on a black background
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif">May</span></b><b><span lang="EN" style="font-size:11.0pt"> 19</span></b><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif">,
2026<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span lang="EN" style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></b></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">To:
<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Department Benefits Representatives (DBRs)<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">From:
<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Central HR Benefits Office on behalf of the UCPath Center<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Re:
<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:150%"><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">J</span><span lang="EN" style="font-size:11.0pt;line-height:150%">uly 1 Retirees – Final
</span><span lang="EN" style="font-size:11.0pt;line-height:150%;font-family:"Arial",sans-serif">Vacation Pay Pre-Tax Transfer to Fidelity Accounts
<o:p></o:p></span></p>
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<span style="font-size:11.0pt;font-family:"Arial",sans-serif"><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;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
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<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black">DBRs, please share this information via your internal listserv.
<b><u>Please do not reply to this email</u></b>. Please 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;color:black">.<o:p></o:p></span></p>
<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><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;font-family:"Arial",sans-serif">On March 9, 2026, UCR implemented a new UCPath Final Pay Pilot which aims to deliver accurate and timely final paychecks for separations
and retirements through new automated processes. This process has a dedicated UCPath team for Final Pay that includes Payroll, Accrual and Benefit subject-matter-experts.<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"><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">This project introduces new changes from the previous year's retirement process.<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"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="1" type="1">
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;mso-list:l1 level1 lfo3">
<span style="font-size:11.0pt;font-family:"Arial",sans-serif">If your termination effective date is 6/30/26 or 7/1/26, you will be paid on your last day worked: 6/29/26 or 6/30/26.<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">
<span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="2" type="1">
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;mso-list:l1 level1 lfo3">
<span style="font-size:11.0pt;font-family:"Arial",sans-serif">Those in the 1976 Retirement Tier will still have a one (1) day off pay status, with the extra month of retirement benefits starting on 7/1/26 for all Retirement Tiers.<o:p></o:p></span></li></ol>
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<span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<ol style="margin-top:0in" start="3" type="1">
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;mso-list:l1 level1 lfo3">
<span style="font-size:11.0pt;font-family:"Arial",sans-serif">For purposes of transferring accrued vacation pay, if you wish to change your UC Voluntary Retirement Savings Program contribution to your 403b or 457b on your final check, you must update your contribution
within the timeframe indicated below. This is an employee-to-Fidelity action. The window to submit contribution changes starts after the previous pay cycle ends and extends to the last date Fidelity can accept and process the contribution change based on your
expected paycheck date. This transfer <b><i><u>does not</u></i></b> impact annual contribution limits.<o:p></o:p></span></li></ol>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><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">Final pay processing will deduct both percentage-based and flat dollar retirement savings contribution amounts, as long as the monthly
flat dollar amount has not already been deducted within the same pay period. <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"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif">Monthly paid members must update the Fidelity Voluntary Retirement Savings Plan contributions on
</span></i></b><a href="http://www.netbenefits.com/"><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif">NetBenefits.com</span></i></b></a><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif"> by June 23, 2026 to have accrued
vacation hours payout transferred pre-tax.<o:p></o:p></span></i></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><o:p> </o:p></span></i></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif">Bi-Weekly paid members must update the Fidelity Voluntary Retirement Savings Plan contributions on
</span></i></b><a href="http://www.netbenefits.com/"><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif">NetBenefits.com</span></i></b></a><b><i><span style="font-size:11.0pt;font-family:"Arial",sans-serif"> by June 18, 2026 to have accrued
vacation hours payout transferred pre-tax.<o:p></o:p></span></i></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:11.0pt;font-family:"Arial",sans-serif"><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">Please contact your UCR Central Benefits team with any questions regarding this process.<o:p></o:p></span></p>
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<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p style="margin:0in"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
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