“Preparation is the key to success,” Alexander Graham Bell once said. And when it comes to retirement, this is certainly true. If you’re ready to start preparing for retirement, we’ve got the resources and help you need to ensure a successful transition.
Action steps and resources to consider now.
1. Estimate Your Retirement Income
Estimate your UCRP pension benefit using the retirement estimator tool on UC Retirement At Your Service (UCRAYS). The estimator takes your annual pay and service credit into account.
Want to see what your monthly retirement income could be from all your UC retirement benefits? The personalized Retirement Review lets you view your UCRP pension* benefits together with your accounts in the UC 403(b), 457(b), and DC Plans.
2. Learn More about Retirement Planning
Preparing for Retirement webinar.
Check out the When You’re Ready to Retire section of UCnet to register for a webinar that will cover topics such as understanding UCRP pension benefits, retirement savings and retiree health coverage.
Step-by-step guide to retiring from UC.
While in the When You’re Ready to Retire section of UCnet, click Preparing for Retirement for a step-by-step guide to the process of retiring from UC. For more detail, download one of the many retirement publications.
3. Get One-on-One Support
Get a holistic view of your retirement plan with one-on-one support available from UC at no cost to you, so that you can make well-informed retirement benefits decisions. Common questions include: Will your money last as long as you need it to? How should you withdraw money from your accounts to minimize taxes in retirement? Meet with a Fidelity Workplace Financial Consultant by phone or in person, when and where it’s convenient for you. Need assistance in a language other than English? Just let the representative know; consultations are available in over 140 languages. To speak to a Fidelity Workplace Financial Consultant, call 1-800-558-9182.
Retirement Administration Service Center (RASC).
RASC counselors can answer your UCRP retirement benefits questions and guide you through the UC retirement process when you’ve decided to retire.
Important update: Currently, RASC counselors are only available via secure messaging through your UC Retirement at Your Service (UCRAYS) account.