Effective July 1, there will be an increase in the UCRP contribution rate for current employees from 5% to 6.5%. This will start with July earnings, paid on July 12 for bi-weekly and on August 1 for monthly paid employees. July 1 also marks the launch of a new pension tier for employees hired or re-hired after July 1, 2013, and a new health program tier for retirees:
• whose age plus years of service is less than 50
• with less than five years of service
• hired on or after July 1, 2013
Go here for more information on these changes.