[October 24, 2006]

Employees who wish to maximize their contributions to the UC Retirement Savings Program's Tax-Deferred 403(b) and/or 457(b) Deferred Compensation Plans may want to increase contributions for 2007 based on new contribution limits.

For 2007, the Maximum Annual Contribution Limit for each plan will increase to $15,500. For employees who are age 50 by December 31, 2007, the limit is $20,500. In addition, some employees may be eligible to make additional contributions under the lifetime catch-up provisions of the plans. Call FITSCo (1-866-682-7787) for details.

Those who wish to change payroll deductions for the first pay date in 2007 should check with their local payroll offices regarding deadlines for contribution changes.

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