Tips for Employees Separating in June: Changing UC Retirement Savings Program Contributions

Each year, we have a large number of employees who separate due to retirements from UCSF at the end of June. Employees wishing to make changes to Voluntary UC Retirement Savings Program contributions in time for the calculation of their final paycheck must do so according to payroll processing deadlines and IRS rules.

You can help employees achieve a smooth transition by reminding them to visit the Fidelity website to make any changes in time for the calculation of their June 27 retirement separation paycheck:

Monthly Paid Employees

  • 403(b): change contribution between May 25 and 5 p.m. on June 14
  • 457(b): can no longer make changes for June paydays

Bi-Weekly Paid Employees

  • 403(b): change contribution between June 6 and 5 p.m. on June 14
    • Note: This 403(b) update for bi-weekly paid employees will also affect pay day June 26; there is no way to update for only the final check paid on June 27
  • 457(b): can no longer make changes for June paydays