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In this section Health & Welfare Benefits Retirement & Savings Benefits Benefits Presentations DBA Resources Benefits Forms Benefits Publications FAQS Contact Employee Benefits Quick links Salary Scales Jobs Human Resources Human Resources Administration Building University of California, Davis One Shields Avenue Davis, CA 95616 (530) 752-0530 phone

Human Resources > Benefits Personal tools Log in Employee Benefits 2008 Contribution Limits for 403(b) and 457(b) and OASDI Wage Base Set The 2008 Contribution Limits for the 403(b) and 457(b) Plans will remain the same as in 2007: $15,500 - Employees under age 50 in 2008; $20,500 - Employees age 50 or older by December 31, 2008 The 2008 Social Security wage base will be $102,000. UC investments show strong gains, re-start of pension contributions postponed UC officials confirm that pension contributions, which have not been required of employees for 17 years but were originally slated to resume, have been postponed for at least the rest of the 2007-08 fiscal year. To keep informed, visit UC's special website, The Future of the UC Retirement Plan, which is updated with the latest information. Tax Rules Issued for Health Plan Coverage for Non-Tax Dependent Children IRS rules require employers to report as taxable income ("imputed income") the employer contributions for health plan coverage for dependents who do not qualify under IRS requirements (IRC §152) as tax dependents. Complete the form UPAY850 to notify the University if you have natural or adopted children who do not qualify as tax dependents under IRS rules enrolled in your UC health plan. Click here to estimate your imputed income for 2007. Retirement Planning Class Schedule This class provides an overview of pension benefits paid by the UC Retirement Plan and is suitable for individuals who are within five years of retirement. Registration for this class is required. This site complements and frequently links to the systemwide HR/Benefits website At Your Service.