Employees who are planning to retire this coming July 1 should submit their retirement election for either monthly retirement income or lump sum cash out by May 23, 2014 to make the August 1, 2014 distribution. Retirement elections received after May 23, 2014 will be processed as soon as possible; however, the initial payment(s) will be delayed until the August 29, 2014 distribution. Additionally, the cut off for the UC Retirement Administration Service Center (RASC) to receive buyback requests for processing in advance of a July 1 retirement is April 30, 2014. Questions regarding retirement election and buyback requests should be directed to RASC at (800) 888-8267. For additional detailed information on what to do if you’re preparing for retirement, visit the UC Benefits Website, UCNet.
Posts Tagged ‘Retirement’
Presented by UC Berkeley’s Retirement Center, the Pre-Retirement Planning program is a comprehensive six-class series of educational seminars led by expert faculty, staff, and representatives from retirement-focused organizations to assist active faculty and staff in preparing for life after full time employment. The series is designed to help participants explore and plan for their preferred future. Seminars will take place on the UC Berkeley campus on Friday afternoons from 2 to 5 p.m. and begin on Friday, Feb. 28. This program is free of charge to active faculty and staff of UC Berkeley and Berkeley Lab. Registration is required. Send e-mail to email@example.com to RSVP.
Stay informed on current market conditions and what it means to you as an investor at Fidelity’s Quarterly Market Update on Friday, Nov. 15, at 2 p.m. in the Building 50 Auditorium. The update will give you a comprehensive perspective on the market conditions and an in-depth review of where and why the market has moved in a particular direction. In this workshop, you will learn what has been impacting the financial markets, the factors affecting the performance of domestic and international equity markets, and driving forces behind bond-market interest rate and valuation changes. More>
The UC Retirement Center, located on the Berkeley campus, is hosting a series of lectures featuring Berkeley Lab researchers on Tuesday’s through the month of October. The “Learning in Retirement” lectures kick off on Oct. 8 with a talk by Lab Director Paul Alivisatos at 10:30 a.m. JBEI’s Blake Simmons and JCAP’s Frances Houle will give the Oct. 15 talk, EETD’s Mary Ann Piette on Oct. 22, and Ashok Gadgil and Shashi Buluswar, directors of EETD and LIGTT respectively, on Oct. 29. Go here for details on their talks, including time. Employees are invited to attend. Registration is required.
When you imagine your retirement, what do you see? What is your desired experience after full-time employment? How can you maintain connections to the university and your colleagues? The UC Berkeley Retirement Center aims to help university employees answer these and other questions through its six-week Pre-Retirement Planning (PRP) program. The workshops take place on Fridays afternoons from Oct. 11 to Nov. 22. Registration deadline is Oct. 4. More>
The UC Board of Regents yesterday approved an increase in contributions to the UC Retirement Plan (UCRP) from both the university and employees, effective July 2014. UC will pay 14 percent of pay and faculty and staff will pay 8 percent of pay. This will result in a 1.5% increase in contribution for those hired prior to 2013 and no increase for those hired after 2013. More>
The Lab would like to acknowledge the contributions of Lab employees retiring in June, and wish them the best of luck as they seek new adventures in life. Retiring staff were asked to submit their names and photos for listing on an honor roll. Go here to view their names and photos.
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.
To honor their years of service, the Lab would like to post the names of employees who are retiring at the end of June. The list is not only a tribute to staff and their careers, it also lets current employees know who among their colleagues are moving on. Those interested in having their names included can e-mail their division name and years of service. Have a photo you’d like included with your listing? Send that along too. The deadline is 5 p.m. Friday (June 14). Know a 2013 retiree who has already left the Lab and might want their name included? If so, forward this article to them.
After 28 years at the Lab, Cheryl Fragiadakis, head of the Technology Transfer and Intellectual Property group, has announced her retirement, effective June 27. She has headed this group (formerly the Tech Transfer Department) since 1992, the longest serving tech transfer director of all multiprogram DOE or NNSA labs. She started at the Lab in 1985 in what was then called the Energy and Environment Division, after working for Exxon. Go here for more on Fragiadakis’s accomplishments, and here for a profile of her that appeared in the September 2003 issue of the View.