|
The UC Retirement Savings Program offers a variety of plans that provide a convenient, tax-advantaged way to save for retirement. While saving for retirement is important and helps keep your taxes lower, we recognize that some may wish to reduce or suspend their savings until times are better. Additionally, financial circumstances may warrant accessing your retirement savings via loans or hardship withdrawals.
| Plan Name |
Financial Tools and Resources |
| 403(b) Plan |
Participants should contact Fidelity Retirement Services directly in order to determine eligibility, processes and rules pertaining to the following transactions:
- You can change or cancel your monthly deferral election to the 403(b) at any time
- Active employees are eligible for 403(b) loans should their financial situation warrant
- If a financial hardship persists, an active employee may be able to access their 403(b) Plan monies via a Hardship or Emergency Distribution request. Tax penalties MAY also apply.
|
| DC Pre-Tax Plan |
Under IRS regulations, active employees do not have access to their DCP Pretax accounts. There are no loan programs available for the DC Pre-Tax Plan. |
| DC After-Tax Plan |
Participants should contact Fidelity Retirement Services directly in order to determine eligibility, processes and rules pertaining to the following transactions:
- You can request distribution of DC After-Tax funds at any time
- You can change or cancel your monthly deferral election to the DCP After-Tax Plan at any time
- There are no loan programs available for the DC Plan.
|
| 457(b) Plan |
Participants should contact Fidelity Retirement Services directly in order to determine eligibility, processes and rules pertaining to the following transactions:
- You can change or cancel your monthly deferral election to the 457(b) at any time
- If a financial hardship persists, an active employee may be able to access their 403(b) Plan monies via a Hardship or Emergency Distribution request. Tax penalties MAY also apply.
- There are no loan programs available for the 457(b) Plan.
|
| Taking Charge of Your Financial Fitness |
A workshop designed to help attendees take charge of their finances, evaluate debt and understand the importance of saving. See the Fidelity Class Schedule page for dates and times this workshop is offered at your location. |
|
Quick Links
Can't find what you want?
|
Home < Employees < < Retirement Savings Program Furlough Resources