University of California, San Diego
March 17, 2000
ALL ACADEMICS AND STAFF AT UCSD (Including UCSD Healthcare)
SUBJECT: Service Credit Buyback and Fidelity Investment Counseling Sessions
If you are an active UC employee with a past leave of absence or a previous period of UC employment, you may be able to increase your future retirement benefits through the University of California Retirement Plan (UCRP) buyback option. (Buyback refers to making payment to UCRP to establish or reestablish service credit for the earlier period). Generally, the buyback option is available for three years after you return to UC employment.
If you returned to UC employment July 1, 1997 or earlier, your buyback opportunity is about to end. The election deadline is July 1, 2000. The process requires several steps that need to begin immediately in order to complete buyback procedures. Please contact your benefits representative for a buyback estimate. If you are still interested at that point, your formal request must be submitted by March 31, 2000. Buyback information booklets may be obtained by calling the Benefits Unit at extension 42816.
Individual counseling appointments are available with senior investments consultant Jason Rasmussen, at the Price Center/Gallery A. Counseling sessions may be scheduled for Friday, March 31, 2000, from 8 a.m. to 5 p.m. Please call Fidelity Investments direct at 1-800-642-7131 to schedule an appointment.
For more information see UC's benefit website: http://www.ucop.edu/bencom).Rogers Davis
Assistant Vice Chancellor