2013 UCRP Faculty Pre-Retirement Workshop ... - Academic Affairs

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<strong>UCRP</strong> Monthly Income Cost of Living Adjustment (COLA) ‣ Matches first 2% of Consumer Price Index (CPI) increase ‣ Plus 75% of CPI increase above 4% ‣ Maximum COLA 6% ‣Example: (assumes CPI increase of 5%) COLA matches first 2% 2.00% plus 75% of increase above 4% 0.75% COLA = 2.75% ‣ First COLA: Effective the first July 1st following 12 months of retirement . 2012 Retiree and Inactive COLA = 2% 16
What is ‘Special’ About Retiring on July 1 st ‣ If you retire on July 1 st with at least one business day of separation…. ‣ You will be immediately eligible for the ‘Inactive COLA’ on your HAPC which will increase your basic retirement income – in 2012 it was 2% (for <strong>2013</strong>, requires that you separate June 27 th or earlier) ‣ You will also then be well positioned to receive your first retiree COLA, 12 months later on July 1 st 17
Page 2 and 3: University of California Retirement
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Page 20 and 21: UCRP Death Benefits 20
Page 22 and 23: UCRP Death Benefits Who’s Who •
Page 24 and 25: UCRP Survivor Income Benefits Post-
Page 26: University of California Retirement
Page 30 and 31: UCRP Pre-Retirement Survivor Benefi
Page 32 and 33: UCRP Disability Benefits 32
Page 34 and 35: UCRP Health Benefits 34
Page 36 and 37: UCRP Monthly Income Health Insuranc
Page 38 and 39: 2013 Retiree Net Cost Based on UC C
Page 40 and 41: UCRP Monthly - Income Other Insuran
Page 42: Resources ‣ Contact UCSF HR/Benef

2013 UCRP Faculty Pre-Retirement Workshop ... - Academic Affairs

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