June 20, 2025

July 1 Retirements and COLA Eligibility

To qualify for the inactive cost of living adjustment (COLA) increase, UC Retirement Plan (UCRP) benefit recipients must be part of the 1976 Tier service credit or safety classification and have at least one business day’s break in service before a July 1 retirement.

Please refer to the updated Retirement Transaction Process for July 1 Retirement - COLA job aid for terminology, examples and guidance for processing retirement transactions in UCPath.

Action Items

Submit retirement templates
Submit final pay requests (E-078) for retirees by the following on-cycle deadlines:
- Pay Date: July 16 (Biweekly Paid) by Wednesday, July 2, 2025 at 5:00 pm
Vacation time taken and not previously reported via time and attendance must be included in the final pay transaction to ensure an accurate final TRM (vacation) payout
- Submit accruals and service adjustment eForms for rehired retirees to adjust sick time converted to service credit towards retirement only if the employee was rehired less than 365 days after termination

Note

Submit approved transaction templates per location deadlines in the payroll processing calendars linked below
Update savings plan deduction changes according to the payroll processing calendars linked below
UCPath Center will withhold only percentage-based savings plan deductions from off-cycle checks issued prior to the retiree’s last day of employment
UCPath Center will not withhold flat dollar savings plan deductions from off-cycle check

Resources

Job Aid: Retirement Transaction Process for July 1 Retirement - COLA
Job Aid: Emeriti Processing Following Retirement
Simulation: Initiate Retirement Template Transaction
Simulation: Submit Final Pay Request
Job Aid: Review Payroll Processing Schedule
Forms Library
Payroll Processing Schedule

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