[Msoadm] FY 2023-24 UCRP Interest Assessment

[Candice P Gomez]

MEMORANDUM

TO:                  UCRFS Users and UC Path Users

FROM:            Stephanie Flores, Executive Director
                        Financial Planning and Analysis

DATE:            June 8, 2023


RE:                 Fiscal Year 2023-24 UCRP Interest Assessment





The following assessment rate has been established by the Office of the President to cover UCRP Interest effective July 1, 2023:






Interest Assessment as % of All Non-Federal Sources of Covered Compensation

FY 2023-24

0.68%





Please note that the interest component is in addition to the Composite Benefit Rate.  However, the principal (base) retirement cost is embedded in the existing Composite Benefit Rates.



If you have any questions, please contact budgetoffice at ucr.edu<mailto:budgetoffice at ucr.edu>.
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