The mandatory contribution rate for UCRP members will rise to 5 percent of pay, up from 3.5 percent of pay. The Lab will pay 10 percent of pay, up from 7 percent. Bi-weekly paid employees will see the increased contributions reflected in their July 13 paycheck. Monthly paid employees will see the increased contributions reflected in their August 1 paycheck. All employee contributions are pre-tax. More>
Tags: Benefits, Retirement, University of California
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