Dear Colleagues,
The Systemwide Academic Senate’s Academic Council endorsed a UC Retirement Plan (UCRP) modeling tool developed by members of the University Committee on Faculty Welfare Task Force on Investment and Retirement (UCFW-TFIR) to assist new UC employees when choosing a retirement plan. The model is a simulation tool for informing employees in the 2016 University of California Retirement Plan (UCRP) tier how the “Pension Choice” (Defined Benefit) and “Savings Choice” (Defined Contribution) options are structured, how they compare, and how various assumptions (such as starting age and alternate rates of return) affect projected outcomes in each option. Feel free to share this tool widely.
Additional information may be found at the following links:
