2013 UCRP Faculty Pre-Retirement Workshop ... - Academic Affairs
2013 UCRP Faculty Pre-Retirement Workshop ... - Academic Affairs
2013 UCRP Faculty Pre-Retirement Workshop ... - Academic Affairs
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What is ‘Special’ About<br />
Retiring on July 1 st <br />
‣ If you retire on July 1 st with at least one<br />
business day of separation….<br />
‣ You will be immediately eligible for the ‘Inactive<br />
COLA’ on your HAPC which will increase your<br />
basic retirement income – in 2012 it was 2%<br />
(for <strong>2013</strong>, requires that you separate June 27 th or earlier)<br />
‣ You will also then be well positioned to<br />
receive your first retiree COLA, 12 months<br />
later on July 1 st<br />
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