<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<style><!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
p.MsoBodyText, li.MsoBodyText, div.MsoBodyText
{mso-style-priority:99;
mso-style-link:"Body Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman",serif;
font-weight:bold;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
p.MsoListParagraph, li.MsoListParagraph, div.MsoListParagraph
{mso-style-priority:34;
margin-top:0in;
margin-right:0in;
margin-bottom:0in;
margin-left:.5in;
margin-bottom:.0001pt;
mso-add-space:auto;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.MsoListParagraphCxSpFirst, li.MsoListParagraphCxSpFirst, div.MsoListParagraphCxSpFirst
{mso-style-priority:34;
mso-style-type:export-only;
margin-top:0in;
margin-right:0in;
margin-bottom:0in;
margin-left:.5in;
margin-bottom:.0001pt;
mso-add-space:auto;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.MsoListParagraphCxSpMiddle, li.MsoListParagraphCxSpMiddle, div.MsoListParagraphCxSpMiddle
{mso-style-priority:34;
mso-style-type:export-only;
margin-top:0in;
margin-right:0in;
margin-bottom:0in;
margin-left:.5in;
margin-bottom:.0001pt;
mso-add-space:auto;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.MsoListParagraphCxSpLast, li.MsoListParagraphCxSpLast, div.MsoListParagraphCxSpLast
{mso-style-priority:34;
mso-style-type:export-only;
margin-top:0in;
margin-right:0in;
margin-bottom:0in;
margin-left:.5in;
margin-bottom:.0001pt;
mso-add-space:auto;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.msonormal0, li.msonormal0, div.msonormal0
{mso-style-name:msonormal;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
span.BodyTextChar
{mso-style-name:"Body Text Char";
mso-style-priority:99;
mso-style-link:"Body Text";
font-family:"Times New Roman",serif;
font-weight:bold;}
span.EmailStyle21
{mso-style-type:personal;
font-family:"Calibri",sans-serif;
color:windowtext;}
span.EmailStyle22
{mso-style-type:personal;
font-family:"Calibri",sans-serif;
color:#1F497D;}
span.EmailStyle23
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:#1F497D;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72">
<div class="WordSection1">
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-family:"Times New Roman",serif">MEMORANDUM<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">TO: UCRFS Users and UC Path Users
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">FROM: Stephanie Flores, Interim Associate Vice Chancellor<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"> Financial Planning and Analysis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">DATE: June 29, 2021<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoBodyText" style="margin-left:1.0in;text-indent:-1.0in"><span style="font-weight:normal">RE:</span>
<span style="font-weight:normal">Fiscal Year 2021-22 UCRP Interest Assessment</span><o:p></o:p></p>
<p class="MsoBodyText" style="margin-left:1.0in;text-indent:-1.0in"><u>
<o:p></o:p></u></p>
<p class="MsoBodyText" style="margin-left:.5in;text-align:justify;text-indent:-.5in">
<span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal">The following assessment rate has been established by the Office of the President to cover UCRP Interest effective July 1, 2021:<o:p></o:p></span></p>
<p class="MsoNormal"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoListParagraphCxSpFirst"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="margin-left:.5in;border-collapse:collapse">
<tbody>
<tr style="height:44.05pt">
<td width="156" valign="top" style="width:116.75pt;border:solid windowtext 1.0pt;background:#002060;padding:0in 5.4pt 0in 5.4pt;height:44.05pt">
<p class="MsoListParagraphCxSpMiddle" style="margin-left:0in;mso-add-space:auto">
<b><span style="color:white"><o:p> </o:p></span></b></p>
</td>
<td width="210" valign="top" style="width:157.5pt;border:solid windowtext 1.0pt;border-left:none;background:#002060;padding:0in 5.4pt 0in 5.4pt;height:44.05pt">
<p class="MsoListParagraphCxSpLast" style="margin-left:0in;mso-add-space:auto"><b><span style="color:white">Interest Assessment as % of All Non-Federal Sources of Covered Compensation<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height:17.95pt">
<td width="156" style="width:116.75pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:17.95pt">
<p class="MsoListParagraphCxSpFirst" align="center" style="margin-left:0in;mso-add-space:auto;text-align:center">
FY 2021-22<o:p></o:p></p>
</td>
<td width="210" style="width:157.5pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:17.95pt">
<p class="MsoListParagraphCxSpLast" align="center" style="margin-left:0in;mso-add-space:auto;text-align:center">
0.30%<o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoListParagraph"><u><o:p><span style="text-decoration:none"> </span></o:p></u></p>
<p class="MsoBodyText" style="text-align:justify"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText"><span style="font-weight:normal">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.
<o:p></o:p></span></p>
<p class="MsoBodyText"><span style="font-weight:normal"><o:p> </o:p></span></p>
<p class="MsoBodyText"><span style="font-weight:normal">If you have any questions, please contact
</span><a href="mailto:budgetoffice@ucr.edu">budgetoffice@ucr.edu</a><span style="font-weight:normal">.<o:p></o:p></span></p>
</div>
</body>
</html>