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Human Resources Administration Building
University of California, Davis
One Shields Avenue
Davis, CA 95616

(530) 752-0530 phone

 
Personal tools

Thinking About Retiring?

#1. CAN YOU AFFORD TO RETIRE?

PENSIONS: Some sources of monthly pension income might include:
  • UC Retirement Plan:
    • Automatically generated pension (and lump sum cash out) estimates are available by logging on to At Your Service Online.
    • Custom estimates can be calculated by following this link.
    • CAP Account (Capital Accumulation Provision): account balance is available by logging on to At Your Service Online.

  • Social Security: Click here to link to pension calculators at Social Security Online.

RETIREMENT SAVINGS ACCOUNTS:
  • UC Retirement Savings Program: balances are available for the following accounts by logging on to the Fidelity Retirement Services web site NetBenefits:
    • DC Plan (Pretax and After-Tax)
    • Tax-deferred 403(b) Plan
    • 457(b) Deferred Compensation Plan

#2. WHAT ABOUT HEALTH INSURANCE AFTER YOU RETIRE?

  • How much will it cost? Will you be eligible for retiree health insurance? Keep in mind that health insurance premiums have been increasing much faster than inflation, and this trend is likely to continue for the foreseeable future. To give you an idea based on current premiums, download this eligibility and premium estimator tool (in Microsoft Excel format).

  • Will you be moving? Not all health plans are available everywhere. Click here to search for medical plan availability by zip code.

  • Presentation: Health Insurance After You Retire (Microsoft PowerPoint format).

#3. MORE INFORMATION ABOUT RETIRING FROM UC:

Did you know?

UC Retirement Plan pension income isn't subject to Social Security and Medicare taxes. If you are currently paying 6.2% to OASDI (Social Security) and 1.45% to Medicare from each paycheck, know that these deductions will stop when you retire. Some long-term employees who have retired have found that their pension-based take-home pay is actually higher than their take-home pay from paychecks as employees because of this significant difference in taxation!