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[October 25, 2011]
While Open Enrollment is your annual opportunity to make changes to your health and welfare benefits, it’s also a good time to assess your retirement savings benefits as well.
Are you saving enough for retirement? Are you happy with the way your retirement savings are invested? You can view your retirement savings accounts and make changes to your investment funds at netbenefits.com.
The Maximum Annual Contribution for the 403(b) and 457(b) plans for 2012 will increase to $17,000 each. For employees who are age 50 as of December 31, 2012, the limit will be $22,500. In addition, some employees may be eligible to make additional contributions under the lifetime catch-up provisions of the plans.
If you’re not confident about making changes, you can learn more about investing for retirement and UC’s Retirement Savings Program on the UC Focus on Your Future website. Or take advantage of the financial education classes UC offers in person at your location and as webinars--at no cost to you.
The website and classes are targeted to your needs, whether you’re just starting to invest or getting ready to retire. For more information, visit ucfocusonyourfuture.com.