What happens to the money taken out for retirement?

This pre-tax deduction is placed into a Defined Contribution Plan (DCP) called Safe Harbor. You can view your DCP account through the UCPath website.  When you leave UC employment permanently, you need to provide the Plan with instructions on what to do with the money in your account to avoid an automatic payout that may be subject to early distribution penalties. A summary description of the plan may be found here.

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