Home < Glossary
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The regular number of hours you are paid to work each week, averaged over the past 12 months. |
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This generally is the largest monthly benefit you can receive from UCRP. This benefit is based on a formula that includes:
Basic retirement income is calculated according to the following formula:
Certain offsets are built into the benefit formula. |
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The person(s) you designate to receive a benefit upon your death. A beneficiary can be any person, persons, or entity capable of taking and holding property. Depending on the insurance, retirement, and/or savings plans in which you are enrolled, you have a number of opportunities to designate beneficiaries.
You may name different beneficiaries for each plan—except DC Pretax and After-Tax Plans, which must have the same beneficiary(s)—and you may name more than one beneficiary for each plan. |
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Leaving University employment, including any period on pay status but without covered compensation, or any period off pay status for four or more consecutive months. The following periods do not constitute a break in service for UCRP membership as long as you return to pay status at the end of the period:
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| Buyback |
UCRP members have the option of making payments to establish service credit for a leave of absence period, to re-establish service credit for a refund of UCRP accumulations, or to make up for a Plan 02 noncontributory offset. See the Buyback Booklet for more information. |
| Capital Accumulation Provision (CAP) |
CAP I–Capital Accumulation Provision (CAP) I provides a supplement to other University of California Retirement Plan benefits for employees who were active members of UCRP in 1992, 1993, and/or 1994. Allocations were made based on covered compensation paid during those years. These CAP allocations earn interest equal to an annual percentage yield of 8.5 percent. CAP II–Capital Accumulation Provision (CAP) II provides a supplement to other University of California Retirement Plan benefits for employees who were active members of UCRP in 2002 and/or 2003. Allocations were made based on covered compensation paid during those years. Allocations earn interest equal to the UCRP assumed earnings rate, currently an annual percentage yield of 7.5 percent. |
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A person chosen by the UCRP member to receive a monthly lifetime benefit after the member's death. |
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Coordinated with Social Security means employees are paying Social Security taxes each month and may be eligible for Social Security benefits in the future. |
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The benefits you are eligible for if you are appointed to work at least 43.75% time (17.5 hours per week). UC bases your continuing eligibility on the number of regular hours you are paid by UC to work each week. The chart shows the benefits you may enroll in if your are eligible for Core Benefits. |
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The gross monthly pay that an active employee receives for a regular and normal appointment, including pay while on sabbatical or other approved leave of absence with pay. For information about pay that is not included in covered compensation, see the UCRP Summary Plan Description [PDF]. |
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In general, the natural or adopted child, stepchild, or a child of a domestic partner of a disabled or deceased UCRP member. The child must have received at least 50% support from the member for one year before the member's death, disability date, or retirement, whichever occurs first. The child must be under age 18, under 22 and attending an educational institution full time, or disabled; the disability must have occurred while the child was eligible based on age, as stated above. For more information, see the UCRP Summary Plan Description [PDF]. |
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The partner of a deceased active or disabled UCRP member. The partnership must have been established at least one year before the member's death or disability date, and the partner must:
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Eligible spouse |
The widow or widower of a deceased active or disabled UCRP member. The date of marriage must have been at least one year before the member's death or disability date, and the spouse must:
For more information, see the UCRP Summary Plan Description [PDF]. |
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To establish service credit for a period of unpaid leave, for previous UCRP membership, or to eliminate a noncontributory offset, active UCRP members may use the buyback option. The timing, cost, and other provisions for each of the three categories are described in the UCRP Summary Plan Description [PDF]. You can find complete buyback information and instructions in the UCRP Buyback Booklet [PDF]. |
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The benefits you are eligible for if you are a member of a UC-sponsored retirement plan. You qualify for UCRP membership if you are appointed to work at least 50% time for a year or more OR if you work in an eligible appointment for 1,000 hours in a 12-month period. UC bases your continuing eligibility on the number of regular hours you are paid by UC to work each week. The chart shows the benefits you may enroll in if your are eligible for Full Benefits. |
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If you became a member of UCRP on or after January 1, 1990, or if you were rehired after that date following a break in service of more than 120 days, as an annuitant you receive a percentage of UC's maximum contribution toward your medical and dental plan premiums. The percentage UC contributes corresponds to your years of UC service credit. See the chart for more information. |
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Under certain circumstances you may be able to take a distribution from your Tax-Deferred 403(b) Plan or 457(b) Deferred Compensation Plan without penalty. See the Tax-Deferred 403(b) Plan Summary Plan Description [PDF] for more information. |
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A member's average monthly full-time equivalent compensation, including any stipends, during the 36 continuous months preceding retirement in which the member's compensation was highest. |
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The status of UCRP members who leave UC employment and retain the right to future retirement benefits. To be eligible for inactive membership, the member must leave Plan accumulations and CAP (if any) in the Plan and satisfy one of the following criteria:
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The benefits you are eligible for if you are not a member of a UC-sponsored defined benefit retirement plan and:
UC bases your continuing eligibility on the number of regular hours you are paid by UC to work each week. The chart shows the benefits you may enroll in if your are eligible for Mid-level Benefits. |
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If you meet the eligibility requirements, you can receive UCRP monthly income when you retire. In addition to this lifetime income for yourself, UCRP offers several payment options that can provide a lifetime monthly income after your death to your spouse or another person you name. To be eligible for monthly retirement income, you must have at least five years of UCRP service credit as of your separation date and be at least age 50 on your retirement date. (See "Retirement Date" below.) CalPERS service credit earned while a UC employee counts toward eligibility. |
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For members with noncontributory service, the retirement benefit is reduced because of the member contributions not made. The retirement benefit is calculated in two ways:
The member's benefit is the higher of the two calculations. |
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These options allow you to choose a reduced benefit for yourself in order to provide a monthly lifetime benefit for another person (contingent annuitant) after your death. This benefit is paid in addition to postretirement survivor continuance. The same person can receive both payments. Note: Option D is only available to members with Social Security who have a spouse or in a domestic partnership. |
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A time during which you or your eligible family members may enroll in benefits plans. A PIE starts on the first day of eligibility (for example, the day you are hired into a position that makes you eligible for medical coverage). For internet transactions, your PIE ends 31 days later. For paper form transactions, it ends 31 days later or on the last working day of that 31-day period, whichever comes first. |
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Generally, 25% of a retired member's basic retirement income paid to the surviving spouse or surviving domestic partner (if the relationship was continuous for one full year before retirement until the member's death). If there is no surviving spouse or surviving domestic partner, the benefit is paid to eligible children, or if none, to the eligible dependent parents. Note: surviving domestic partners are eligible for this benefit only if the member retired on or after July 1, 2002. |
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A distribution of any contributions you made to the University of California Retirement Plan and any CAP balance. University contributions are not payable. Members who are not eligible for inactive membership upon leaving University employment must receive a refund of accumulations. Use forms UBEN 142 and UBEN 142CAP, which are available from your local Benefits Office or from UC Customer Service Center. Members who are eligible for inactive membership may request a refund of their Plan accumulations. However, a refund cancels your right to any future Plan benefits based on your period of service unless you return to UC employment and reestablish the service credit. |
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Refers to a family relationship legally acknowledged in the State of California. These relationships include:
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Your retirement date cannot be earlier than the day after your separation date (your last day of UC employment). For example, if your separation date is a Friday, you may retire on Saturday. |
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The UC Retirement Savings Program consists of the Defined Contribution Plan (DC Plan), the Tax-Deferred 403(b) Plan (403(b) Plan) and the 457(b) Deferred Compensation Plan (457(b) Plan). UC administers the three Plans and Fidelity Investments Tax-Exempt Services Company (FITSCo) provides record keeping and account services. |
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Certain offsets are built into the basic retirement income formula. If you are covered by Social Security, your basic retirement income is reduced slightly to account for the Social Security taxes that UC has paid in your behalf. If you retire before age 65, UCRP provides a monthly temporary supplement that restores the full benefit amount. The temporary supplement is equal to the offset. This supplement stops when you reach age 65. The offset is part of the benefit formula and continues to be applied for your lifetime. The lump sum cashout calculation includes the offset, but not the temporary supplement. |
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The partner of a deceased active member of the UC Retirement Plan. The surviving domestic partner is eligible to receive the UCRP contingent annuitant benefit without qualifying as an eligible domestic partner if the member was eligible to retire at the time of death. To be eligible to retire, a member must have attained age 50 and earned five years of UCRP service credit (or, if the member became a member of UCRP on or before July 1, 1989, attained age 62 regardless of service credit). |
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The widow or widower of a deceased active member of the UC Retirement Plan. The surviving spouse is eligible to receive the UCRP contingent annuitant benefit without qualifying as an eligible spouse if the member was eligible to retire at the time of death. To be eligible to retire, a member must have attained age 50 and earned five years of UCRP service credit (or, if the member became a member of UCRP on or before July 1, 1989, attained age 62 regardless of service credit). |
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A length of time after an employee has been determined to have a disability before disability benefits begin. If you have Short-Term Disability coverage only, the waiting period is seven days. If you enroll in Supplemental Disability, you may choose a waiting period of 7, 30, 90 or 180 days; your Short-Term Disability waiting period is the same as the waiting period you choose for Supplemental Disability. |