Beyond the financial considerations involved in preparing for retirement, there are a myriad of factors to consider as retirement age nears. How will you spend your time? Will you relocate to a new community? Will you downsize to a smaller home? These and many other questions should be considered several years prior to retirement in order to ensure a successful retirement. UC provides several resources to assist with retirement planning.
Are you planning to retire in the next few months?
Are you more than five years from retirement?
For those who are further away from retirement, the UC Davis Retiree Center has prepared a brief overview handout entitled “The Four Pieces of UC Davis Retirement.” The four pieces are 1) the UCRP pension plan, 2) retirement savings accounts, 3) health/welfare plans and 4) additional services and discounts. The handout includes a chart that shows how the UC pension is calculated.
Are you planning to retire within five years?
- Preparing for Retirement webinar (overview of UC retirement income options, retiree health and the retirement process)
- Health Insurance After You Retire webinars
- For the most current presentation, go to the HCF Program Employee presentation webpage.
- Social Security
- Financial planning for retirement—Visit UC's myUCretirement website for the most up-to-date courses and webinars.
Preparing for Retirement presentation
This presentation will help you understand your retirement benefits and the steps to retire from UC.
The presentations on this link provide an overview of UC retirement benefits, examples of retirement benefits calculations and information about steps to retire from UC. The full presentation lasts about 60 minutes, but sections can be viewed individually.Link to UCnet Preparing for Retirement Presentation. (link is external)
Resources for retirement planning
UC Retirement Administration Service Center (RASC)
The RASC at the UC Office of the President in Oakland, CA provides retirement counseling, estimates and processing for UC Davis employees. The “UCnet” website contains many helpful resources, including a UC retirement estimator (At Your Service Online).
Telephone: (800) 888-8267
The Retiree Center helps retirees continue their connection to the university and provides resources to employees preparing to retire. In addition to retirement planning information, the Center provides answers to frequently-asked questions, details about retiree benefits and discounts, and links to campus departments and community agencies that serve retirees.
Email: Retiree Center
Health Care Facilitator Program (HCF Program)
The HCF Program assists UC Davis and UC Davis Health System employees and retirees with questions about their medical, dental, and vision coverage, including billing and claim problems, access issues and Medicare coordination. For more information, contact the HCF Program directly at:
Contact information: http://www.hr.ucdavis.edu/hcf/contact_hcfs.html
Fidelity Retirement Services
Fidelity Retirement Services is the university’s record keeper for the defined contribution plan (DCP), 403(b) and 457(b) retirement plans. Fidelity offers several different “retirement readiness” classes each year and the website contains additional information, including a retirement calculator. Log in to your Fidelity account.
Telephone: (866) 682-7787
Class information: http://myUCretirement.com
Social Security Administration
The Social Security Administration website has a very useful personal benefits calculator where one can enter his/her personal information, and estimate Social Security benefits based on the age one wishes to start drawing benefits. The closer to retirement, the more accurate the estimate will be.
Telephone: (800) 772-1213
In addition to the resources offered on campus, the Internet has an untold number of retirement planning sites and bookstores and Internet sites have many books that focus on both the financial and non-financial aspects of retirement. There is no reason to wait; start planning today!