Home < Retirement
and Savings Plans < University of California Retirement
Plan (UCRP)
The information presented here pertains to UCRP members with Social Security. If you are a member without Social Security, a Tier Two member, or a Safety member, please see the appropriate summary plan description.
Basic Retirement Income
UCRP members may choose a monthly retirement benefit.
Lump Sum Cashout
In lieu of monthly retirement benefits, a UCRP member may choose a one-time
payment of his/her projected lifetime basic retirement income.
Capital Accumulation Provision (CAP)
UCRP members employed at certain periods received a supplemental retirement
benefit based on allocations that continue to accrue interest.
Membership
In most cases, if you're hired to work at UC continuously for at least 50%
time for one year or longer, you're automatically an active member of UCRP.
Service Credit
Service credit is a measure of the amount of time you have participated in
UCRP. It is used to calculate benefits such as retirement income, lump sum cashout
and eligibility for retiree health insurance.
Service Credit Buyback
If you go on an approved leave of absence, you can buy back the service credit
for that leave period, as long as you elect the buyback within three years
of the date you return to work.
