This workshop provides an overview of the UCRS, including the University's defined benefit retirement plan (UCRP); Capital Accumulation Provision (CAP); Defined Contribution Plan (DC Plan), both pre-tax and after-tax; and the voluntary tax-deferred 403(b) and 457(b) plans. The presentation will demystify the terms service credit, vesting, age factor, highest average plan compensation (HAPC) and covered compensation. Presenter: Marianne McIvor, UCSC Benefits Office
This workshop provides an overview of the UCRS, including the University's defined benefit retirement plan (UCRP); Capital Accumulation Provision (CAP); Defined Contribution Plan (DC Plan), both pre-tax and after-tax; and the voluntary tax-deferred 403(b) and 457(b) plans. The presentation will demystify the terms service credit, vesting, age factor, highest average plan compensation (HAPC) and covered compensation. Presenter: Marianne McIvor, UCSC Benefits Office