Home < Human
Resources and Benefits Briefing < November
2006
ScholarShare, the state of California's tax-deferred savings program designed to help families meet college tuitions costs, has announced that Fidelity Investments will manage the program starting in November, when the current contract with TIAA-CREF runs out.
TIAA-CREF sent a letter to current participants in October, explaining the transition of services. The current procedures and investment choices will remain in place through the end of the contract with TIAA-CREF.
In October, Fidelity sent participants welcome kits with detailed instructions on how to view and activate their accounts online.
UC faculty and staff can participate in ScholarShare by payroll deduction. The program offers a variety of investment options, and qualified withdrawals are free of federal and California income tax.
Details about the program and enrollment information are available on the ScholarShare website and by telephone (toll free: 1-877-728-4338). Be sure to mention that you are a UC employee.
