UCRP Deductions Explained
UCRP is a traditional pension plan, providing a predictable level of income when you retire. UC employees who are members of UCRP are governed by the 1976 Tier, 2013 Tier or 2016 Tier plan provisions.
Your UCRP deductions will stop after you hit the limit for the fiscal year.
Calendar year Retirement Gross
This is for record purposes and tracks the calendar year retirement gross. This is not visible to the employee on the UCPath statement.
Fiscal Year To During the year of conversion to UCPath Date-RET-GROSS
While not visible on the UC wage statement– this figure is calculated in the background of the payroll system and determines when an employee reaches the maximum contribution for the fiscal year.
- UCRP Grandfathered 401(a) Limit - Contributions for UCRP Member entry date prior to 07/01/1994 CCL Flag G
- The fiscal year UCRP Grandfathered Retirement Gross 401(a) limit is : 2020 $425,000, increasing to $430,000 for the fiscal year beginning July 1, 2021.
- UCRP 401a Limit - Contribution for UCRP Member CCL N - Contribution to the DC Plan for Saving Choice Participants & Supplemental Benefits for 2016 Tier Members
- The UCRP 401a limit: for 2020 the 401(a) limit is $285,000, increasing to $290,000 for the fiscal year beginning July 1, 2021.
- Although the Retirement Gross is not visible to the UC employee, it is the Fiscal Year-to-Date Gross amount that determines when employee deductions cease each fiscal year. Once an employee reaches the Fiscal Year limit, no further retirement deductions are taken from pay during that fiscal year. This figure resets to zero each fiscal year after the June earnings are paid so employees should always see deductions on their July earnings check.
- Employees subject to PEPRA limits may see contributions change from UCRP to DCP as they reach PEPRA limits for the fiscal year.
- PEPRA Coordinated 2016 Tier Members paying into Social Security limits for fiscal year beginning July 1, 2020 126,291 increasing to 128,059 beginning July 1, 2021.
Total Calendar year UCRP deductions
- This amount is viewable on the pay statement under year-to-date amounts next to the current deduction. Even if an employee doesn’t have a deduction, they will still see the Calendar YTD amount. UCRP deductions reduce both Federal and State taxable income.
For more information visit University of California Retirement Plan (UCRP)