In addition to your UC primary retirement benefits, you may need to save more money to have the standard of living you want in retirement. The voluntary UC Retirement Savings Program offers a convenient way to save voluntarily with tax advantages. Here’s what you need to know.
While it may seem like UC’s primary retirement benefits can meet all of your needs, keep in mind that the average UC retiree has roughly 20 years of service. If you’re like many people, you’ll work for several employers during your career, so you might not be at UC long enough to build your primary retirement benefits to a level that can meet your needs. In fact, 56% of Americans are behind on their retirement savings and have less than $10,000 saved.*
What does this mean for you? To maintain the standard of living you’re used to, you may need to save beyond your UC primary retirement benefits. And that’s where UC’s voluntary Retirement Savings Program comes in.
The UC Retirement Savings Program is made up of three plans: the 403(b), 457(b), and DC Plans.
All three share key similarities:
This information is intended to be educational and is not tailored to the investment needs of any specific investor.
Distributions are subject to plan rules. Please refer to the Summary Plan Descriptions for important details.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
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