SUBJECT:

Proposed Revisions to APM Section 190, Appendix G, Program Description: Retirement Contributions on Academic Appointee Summer Salary

The University invites comments on Proposed Revised Academic Personnel Manual Section 190, Appendix G, Program Description: Retirement Contributions on Academic Appointee Summer Salary.

Proposed technical revisions modify summer salary retirement contributions language to include the Defined Contribution Plan (DC Plan) Supplemental or Savings Choice contributions to the DC Plan under the 2016 retirement Choice Program. In addition, policy is modified to reflect that the summer salary retirement benefit will be transferred, prospectively, from the DC Plan to the Tax Deferred 403(b) Plan. The changes are applicable to future contributions only (effective November 1, 2016); existing summer salary benefit amounts will remain in the DC Plan.

The proposed revisions are available at the following website:
http://www.ucop.edu/academic-personnel/academic-personnel-policy/p olicies-under-review/index.html. Also available is a Human Resources Summary prepared by the office of Retirement Programs and Services summarizing the necessity of transferring, prospectively, the academic appointee summer salary benefit from UC’s Defined Contribution Plan to UC’s Tax Deferred 403(b) Plan, effective November 1, 2016. This is a formal review of the proposed revisions. If you have comments or questions, please contact Kelly Lindlar, director of Academic Policy Development, at klindlar@ucsd.eduno later than October 21, 2016.

Tamara L. Wall Associate Vice Chancellor Academic Personnel