Uben 100 2025

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If you enrolled in UC primary retirement benefits on or after July 1, 2013, you need to retire at age 65 (or older) with 20 or more years of service to receive the maximum UC contribution to your retiree health benefits (see page 16).
UCRP formula: (Age factor x UCRP Years of Service Credit) x HAPC = Basic Retirement Income (BRI), a monthly lifetime benefit.
When it comes time to retire, you have two choices: receive a monthly income for the remainder of your life or take a lump-sum cashout. Whichever you choose, the size of the benefit will depend on 3 factors: years of UC service, retirement age, and your highest average salary (HAPC) over a 3-year (36 month) period.
You can retire and receive UC Retirement Plan (UCRP) benefits anytime after you become eligiblethat is, when you have at least five years of UCRP service credit and reach age 50 or 55, depending on your membership classification and member tier. Retirement decisions are among the most important youll ever make.
SOCIAL SECURITY AND MEDICARE You do not earn Social Security benefits through your University employment. However, all members hired or rehired on April 1, 1986, or later are required to pay 1.45 percent of all earnings for Medicare hospital insurance (Part A).

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HAPC stands for Highest Average Plan Compensation and is used in your UCRP (Pension Choice) retirement benefit calculation. Your HAPC is your average monthly full-time equivalent compensation, including any stipends, during the 36 continuous months preceding retirement in which compensation was the highest.

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