Retirement Planning

Your UC retirement is more than just the pension. Download "The Four Pieces of Retirement" for a brief introduction to the many aspects of your retirement.

It is never too early to start planning for retirement. Planning financially for retirement is much easier for those who start when they are young. Compounding of earnings is so great that those who start saving for retirement in their 20s can accumulate large account balances with relatively small regular investments. For example, a 25-year-old who invests $2,000 a year for eight years and never invests an additional dollar can accumulate more by the age of 65 than a 35-year-old who invests $2,000 a year for 32 years, even though the 35-year-old invests four times as much.

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 planning to retire within five years?

  • Explore online resources:
    • Preparing for Retirement webinar (overview of UC retirement income options, retiree health and the retirement process)
    • Health Insurance After You Retire webinars
    • Social Security
      • Visit the Social Security website or schedule an appointment at a regional office for more information
      • Visit myUCretirement website; Fidelity has a new webinar available titled "Making the Most of Social Security"
    • Financial planning for retirement—Visit UC's myUCretirement website for the most up-to-date courses and webinars.
  • Review the Retiree Center’s Steps to Retirement brochure
  • Consider attending the Retiree Center's four week "Transitioning to Retirement" workshops.
    • Dates for 2019 in Davis are Wednesdays, January 11, 18, 25, and February 1
    • Dates for 2019 in Sacramento are Wednesdays, February 8, 15, 22, and March 1
    • Staff meets from 9 a.m. to noon; Academics/faculty/physicians meet 1 - 4 p.m.
    • Registration is required. Sign up for the 2019 Interest list. An email will be sent when registration is available with further instructions.


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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.

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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

Retiree Center

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.
   Telephone: (530)752-5182
   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:

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:

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!

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