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Retiring on July 1, 2025?
Retiring on July 1, 2025?
Here's what to do
Here's what to do
For those hired before July 1, 2013 ( 1976 Pension Tier Members) who plan to retire July 1, 2025:
For those hired before July 1, 2013 ( 1976 Pension Tier Members) who plan to retire July 1, 2025:
To be eligible to receive the “inactive” Cost of Living Adjustment (COLA), you must separate employment on or before June 27, 2025. Having a one-day break in pay before your July 1 retirement date entitles you to a 2% inactive COLA, which is added to your Highest Average Plan Compensation (HAPC). The HAPC is one component used in calculating your pension. July 1, 2025, retirees will also receive any applicable active COLA the following July 1 (2026).
For Employees hired on or after July 1, 2013 (2013 or 2016 Pension Tier Members):
For Employees hired on or after July 1, 2013 (2013 or 2016 Pension Tier Members):
Consider retiring on July 1, 2025, which would make you eligible for the Active COLA increase on July 1, 2026. One full year of receiving a pension is required to be eligible for the active COLA.
If you're thinking about retiring but haven't yet started, please review the information linked on this page and begin the process as soon as possible. The Retirement Administration Service Center (RASC) generally takes about 90 days to process a retirement from start to finish. You can still start the process now for a July 1 retirement date, but your first retirement check may be delayed due to RASC processing times.
To start and finish the retirement process, log in to your UCRAYS account at https://retirementatyourservice.ucop.edu/UCRAYS/Account/Login.
For those who elect and are approved for the “No Lapse in Pay” program (to ensure the continuous income during the transition to retirement with a pension payment on August 1st), all required documents must be received at RASC by May 15th.
Still have questions? Contact a RASC counselor or call the Retirement Administration Service Center at 800-888-8267. Please be aware that, due to the busy retirement season, wait times when calling RASC may be longer than usual.
Quick tip: It's best to call at 8:30 a.m. when the phone lines first open.
RETIREMENT PROCESS CHECKLISTS
RETIREMENT PROCESS CHECKLISTS
Employees planning to retire on July 1, 2025, can begin submitting their retirement elections on April 1. To help understand the process, UC Retirement Administration Service Center (RASC) and Fidelity are offering webinars on the retirement process. Experts present topics to help retire confidently, including income planning, Social Security strategies, and navigating the UC retirement process. Spouses and partners are encouraged to attend. Please register ahead of time, as space is limited.
Preparing for Retirement
For employees planning to retire within the next five years. Live webinars cover topics such as understanding UCRP pension benefits, retirement savings, and retiree health coverage.
May 14, 2025
5:30–7:30 pm
May 27, 2025
10 am–12:30 pm
August 12, 2025
10 am–12:30 pm
September 2, 2025
10 am–12:30 pm
Retiree Health Benefits
For employees planning to retire within the next five years. Live webinars cover retiree health coverage.
May 21, 2025
2–4 pm
June 18, 2025
2–4 pm
August 20, 2025
2–4 pm
September 17, 2025
2–4 pm
Retirement Process from Start to Finish
For UCRP members planning to retire within the next 4-12 months, this webinar explains everything you need to know about the retirement process, including required forms, important deadlines, and helpful resources.
May 6, 2025
10 am–noon
June 3, 2025
10 am–noon
August 26, 2025
10 am–noon
Retirement Resources
Retirement Resources
Preparing for Retirement Webinar Recording Use passcode: RgpN@K6Y
Retirement Planning Resources - Here You will find:
Virtual personal Retirement Consultation with a fidelity representation
Tools on myUCretirement.com
Ready to retire? Step-by-step process here
Retirement Estimator (Sign in to your UC Retirement At Your Service (UCRAYS) to create your retirement estimate)
Retirement Administration Service Center (RASC) Contact (800) 888-8267 (Monday–Friday, 7:00 a.m.–4:30 p.m. PT)
Resources in Retirement
Resources in Retirement
Retiree Health & Welfare Benefits
Retiree Health & Welfare Benefits
Upcoming event: Retiree Health - Frequently Asked Questions webinar
Fact Sheet: UC Retiree Health Eligibility Rules (Revised 05.20.14)
Do you need the Medicare CMS Employment Verification completed? Email HCF@lbl.gov to request the form.
Thinking of returning to work after retiring. Review the Rehired Retiree Factsheet
Last Page Update: 05/01/2025
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