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05/09/2023

TO: UCSB UCPath Transactors, Approvers, & Inquirers 

FR: UCPath Center

RE: UCPath Reminder: July 1 Retirements and COLA Eligibility
 

Retirement transactions should be initiated proactively to ensure a smooth transition for incumbents as they shift from employee to retiree status. The Job Aids below provide guidance and transaction walk-throughs. In addition, UCSB has developed a Retirement Matrix that includes deadlines and timing considerations for processing all Retirement transactions. 

 

As a reminder, to qualify for the inactive cost of living adjustment (COLA) increase, eligible UC Retirement Plan (UCRP) benefit recipients must have 1976 Tier service credit or safety classification and have at least one business day break in service before a July 1 retirement. Refer to the updated Retirement Processing for July 1 Retirement Date - COLA job aid for terminology, examples, and guidance on processing this transaction in UCPath.

 

Action Items:

  • Submit retirement templates
  • Submit final pay requests for accrual payouts


Note:

  • Transaction templates should be submitted and approved per location deadlines in the payroll processing calendars linked below 


Resources:

 

 

If you have a question about this information or for any other services, please visit UCPath and click on “Ask UCPath” to submit an inquiry or call (855) 982-7284 to speak with an associate M-F between 8 a.m.–5 p.m.

If you have IT-related questions, please contact the Enterprise Operations Center (EOC) at eoc2@ucop.edu or (510) 987-0363

If you have other questions, contact one of the following offices: