I have questions about the DC, 403(b) and 457(b) Plans.

While UC is the administrator of the Retirement Savings Program, Fidelity Retirement Services provides the record keeping and account services.

General Guidelines for Voluntary Contributions

• You may contribute as much as you like on a monthly basis, provided that enough pay remains for any mandated taxes and other deductions. Your contributions will automatically stop for the current tax year when you reach your Maximum Contribution Limit. Please be aware that if your contributions automatically stop mid-tax year, they will resume at the start of the next tax year unless you cancel them.
• The 2009 Contribution Limits for the 403(b) and 457(b) Plans are:
  • $16,500 - Employees under age 50 in 2009
  • $22,000 - Employees age 50 or older by December 31, 2009

  The 2009 Social Security wage base will be $106,800.

• Contribution changes to the 403(b) Plan made during the current month will take effect with that month's payroll, subject to processing deadlines. For example, a change made on August 10th will be reflected on the September 1 paycheck. As a general rule for employees paid monthly, 403(b) Plan changes made by the 15th of the month should be in time to affect your next paycheck. Changes made after this day, may or may not affect your next paycheck.
• Contribution changes to the 457(b) Plan made during the current month are effective with the following month's payroll. For example, a change made on August 10th will be reflected on the October 1 paycheck.

For additional questions and answers for basic information regarding the UC Retirement Savings Programs, please see the following sites:

• Retirement Savings Program
• Fidelity Retirement Services
• Retirement Readiness Program - UC and Fidelity Retirement Services partnership to bring you more financial education, featuring free onsite workshops, targeted mailings and additional communications.