Redirect of Contributions

After a holiday of nearly 20 years, UC and employee members of UCRP began contributing to the Retirement Plan in May 2010.

Employees who were previously contributing approximately 2% of their salaries to the Defined Contribution Plan (DCP) now contribute that same amount to the Retirement Plan.  In this first year, UC contributes 4% on employees' behalf. Contribution levels for both UC and employees will increase over time.

Resupmtion of UCRP contributions was/is subject to collective bargaining. Some employees covered by bargaining agreements may continue to contribute to the Defined Contribution Plan.
 
You can read about the restart in the March 2010 issue of “Our University” newsletter.  There is also a wealth of information at the Future of UC Retirement Benefits website. You can also view and print a visual chart  (PDF).   We encourage you to visit these sites regularly for updates and other important information.
 
If you have questions, please feel free to contact HR Benefits at (510)-642-7053 or retire@berkeley.edu.