FAQ: Financial and Social Security

Financial Matters

Financial Resources

How do retirees get their monthly direct deposit statement?

Retirees can view and print their monthly income statements on At Your Service Online (sign in at At Your Service Online and select "Benefit Income" under "Retirement & Savings"). Statements are available by the 1st of the month and up to 18 months worth of statements are available at all times.

If you need to continue to receive your direct deposit statement by mail, or if you need to establish your At Your Service Online account, please contact the UC Retirement Administration Service Center at (800) 888-8267, ext 4, M-F, 8:30 a.m. to 4:30 p.m. Pacific time.

image of AYSO dashboard

Retirement Administration Service Center (RASC)

(800) 888-8267

8:30 a.m. - 4:30 p.m.
Monday - Friday, Pacific time

How does one change his/her Direct Deposit information?

  1. You may telephone ther Retirement Administration Service Center (RASC); OR
  2. Forms to to enroll, change, or cancel the direct deposit of their UCRP benefit are available through the UCnet website. An index of all forms is available. The specific form to enroll, change, or cancel direct deposit of UCRP monthly retirement income is UCRS 160.

How does one change his/her tax withholding?

  1. Log in at At Your Service Online and select "Benefit Tax withholding" under "Retirement & Savings"); OR
  2. You may telephone ther Retirement Administration Service Center (RASC); OR
  3. Forms to elect or change withholding for UCRP monthly retirement income are available through the UCnet website. An index of all forms is available. The specific form to elect or change withholding of UCRP monthly retirement income is UBEN 106.

How does one change his/her designation of beneficiaries?

  1. Log in at At Your Service Online and select "My Beneficiary" under "About (me)"); OR
  2. You may telephone ther Retirement Administration Service Center (RASC); OR
  3. Forms to to designate a beneficiary to receive death benefits from UCRP (including CAP payment, if any) are available through the UCnet website. An index of all forms is available. The specific form to enroll, change, or cancel direct deposit of UCRP monthly retirement income is UBEN 117.

How does one estimate his/her pension?

Automatically-generated UC Retirement Plan pension (and lump sum cash out) estimates are available by logging on to At Your Service Online. (Click on "Retirement Estimator.") This estimator will also report one's current UC Retirement Plan service credit. Custom estimates can also be calculated. Note: the Retirement Estimator on the At Your Service Online website uses the current Highest Average Plan Compensation (HAPC) in all the estimates but different HAPC amounts can be entered manually. The closer one is to retirement, the more accurate the retirement estimate. Employees may contact the Retirement Administration Service Center (RASC) with any questions regarding the retirement estimates.

How can one find out more about retirement plan options?

Your primary retirement benefits are determined by when you were hired.

These links also provide helpful information:

How can one find out more about the DC, 403(b) and 457(b) Plans.

The UC Retirement Savings Program offers a convenient, tax-advantaged way to save for retirement. The Program consists of:

  • the Tax-Deferred 403(b) Plan and
  • the 457(b) Deferred Compensation Plan
  • the Defined Contribution Plan, which consists of the Pretax Account for mandatory contributions and the After-Tax Account for voluntary contributions and the taxable portion of rollovers from other employer plans.

While UC is the administrator of the Retirement Savings Program, Fidelity Retirement Services provides the record keeping and account services.

Can retirees return to work at UC Davis?

In general, if a department has determined a staffing need to fill the replacement vacancy created by retirement, the position is filled by open recruitment. However, retirees can return to work after they retire, subject to certain provisions as outlined in UC policies. Policy restrictions vary for non-academic and academic appointments. As of 2009, no lump-sum cashout (LSC) recipient will be allowed to return to a career appointment.

Social Security

How can one obtain information about estimated Social Security benefits?

Each year, everyone should receive the Social Security Statement from the Social Security Administration. This statement provides an estimate of one's Social Security benefits under current law. Estimates can also be obtained on the Social Security website. For more information, visit the Social Security website, or call them at:
   Telephone: (800) 772-1213

Will Social Security benefits increase over time?

In general, a very modest annual increase is awarded to offset cost-of-living increases. Beneficiaries will be notified of any new monthly amount by the Social Security Office in December of each year.

Are Social Security benefits taxed?

Yes, Social Security benefits are taxed, with a rate determined by one's income from all sources in a particular year.

What is full retirement age?

The age at which one is eligible to receive full Social Security benefits is based on their year of birth. Visit the Social Security website or call them for more information.
   Telephone: (800) 772-1213

What if one wants to collect Social Security prior to full retirement age?

Opting to draw Social Security benefits prior to full retirement age will result in reduced benefits. The minimum age to receive Social Security benefits is presently age 62. Visit the Social Security website or call them for more information.
   Telephone: (800) 772-1213

If one retires from UC Davis prior to full retirement age, but waits to collect Social Security until full retirement age, will Social Security benefits be affected?

Social Security benefits may be reduced if one retires from UC Davis prior to full retirement age, even if he/she waits to collect Social Security until full retirement age. Social Security benefits are calculated on one's 35 highest years of earnings. The calculation is complex, and beyond the scope of this website. Visit the Social Security website or call them for more information.
   Telephone: (800) 772-1213