University of California, Riverside –
In addition to your primary (required) retirement benefits, you may need to save additional money to have the standard of living you want in retirement. The voluntary UC Retirement Savings Program offers a convenient, tax-advantaged way to save for retirement.
The program includes:
- Tax-Deferred 403(b) Plan
- 457(b) Deferred Compensation Plan
- Defined Contribution Plan, which consists of the Pretax Account for mandatory contributions and the After-Tax Account for voluntary contributions and the taxable portion of rollovers from other employer plans.
2020 Contribution Limits
Employees may contribute up to $19,500 annually ($26,000 if age 50 or older at any time in the calendar year) in pretax dollars to both the 403(b) and the 457(b) plans.
If you should have any questions, please email benefits@ucr.edu.