In 2023, pretax contributions to the 403(b) Plan and the 457(b) Plan increased from $20,500 to $22,500 per plan. If you’re over age 50, you can continue contributing an additional $7,500 per plan. Consider the new limits in your planning for the year and learn more about ways to make the most of your UC Retirement Savings Program.

The UC Retirement Savings Program reduced the fee for administrative services effective January 1, 2023, from $8.25 per quarter to $7.75 per quarter. Learn more about what the fee covers and when the lower fee will be deducted from your account.

The yearly mandatory withdrawal from tax-deferred retirement plans, such as the UC 403(b), 457(b), and DC Plan has changed from 72 to 73, effective January 1, 2023. Check out these frequently asked questions to learn more about MRDs, how to calculate them and how MRDs are taxed.