2024-Pre Retirement Workshop- University of California Retirement Plan

This presentation provides a detailed examination of the UC Retirement Plan including tools to calculate your retirement income, the retirement process, decisions you should be prepared to make and documents required at retirement. This presentation will be recorded. #ucsc
Presenter: Scott Sylva, Manager of Retirement Policy, UC Policy-Retirement Services Group
02:28 Agenda
03:51 Preparing for Retirement
04:36 Which UCRP tier?
08:56 Eligibility for UCRP Retirement Benefits
09:16 Important dates
10:50 Your UCRP Retirement Benefits
11:59 Age Factor
14:51 UCRP Service Credit
19:52 Highest Average Plan Compensation (HAPC)
23:24 Adjustments to HAPC
27:54 Additional limits on your Pension
31:21 Monthly Retirement Income
33:31 Retirement Estimates
34:36 Membership Details
39:07 Cost of Living Adjustments
42:01 Payment Continuation after death
43:33 Post-Retirement Survivor Continuance
44:38 Order in which eligible survivors are paid
49:58 Monthly Retirement Income Options
52:48 Death prior to Retirement
57:17 Retirement Payment vs Paycheck
1:00:00 Lump Sum Cashout
1:05:19 Other Sources of Retirement Income
1:09:10 Retirement Savings Program (RSP)
1:17:17 Social Security
1:19:31 Other Retirement System Agreements
1:24:02 I'm Ready to retire. What do I do now?
1:28:45 The election process
1:30:32 Final Review
1:32:23 Now that I am retired
1:34:27 Stay connected
1:36:03 Returning to work after Retirement
1:40:14 Questions?
1:41:08 Q& A section