[February 16, 2000 ]

If you are an active UC employee with a past leave of absence or a previous period of UC employment, you may be able to increase your future retirement benefits through UCRP buyback. (Buyback refers to making payment to UCRP to establish or reestablish service credit for the earlier period.) Generally, the buyback option is available for three years after you return to UC employment.

If you returned to UC employment July 1, 1997, or earlier, your buyback opportunity is about to end! The election deadline is July 1, 2000—however, the process requires several steps, and you should start looking into it right away. Once you obtain the required documentation (payroll/personnel records), ask your Benefits Representative for a buyback estimate. If you are still interested at that point, your formal request must be submitted by March 31, 2000.

For more information, see The UCRP Buyback Booklet.

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