Features of the Retirement Plans at UC

	OPERS	CITY	STRS	TIAA	ARP-O	ARP-S
Years Required for Vesting	5 years	5 years	5 Years	Immediate	Immediate	Immediate
Employee Contribution	9.5%	7%	10%	7.05% of 1st $8,000 11.05% of next $8,500 7.5% over $16,500	9.5%	10%
Employer Contribution	13.54%	varies annually	14%	12.75% of 1st $8,000 16.25% of next $8,500 10.50% over $16,500	13.23% ARP 0.54% OPERS	10.5% ARP 3.5% STRS

MINIMUM YEARS OF STATE SERVICE CREDIT

Age	OPERS	City	STRS	TIAA	ARP-OPERS & STRS
Any Age	30 (full benefit)	30 (full benefit)	30 (full benefit)	Yes	Minimum age of 65.
55	25 (reduced benefit)	25 (reduced benefit)	25 (reduced benefit)		No minimum years of service.
60	5 (reduced benefit)	5 (reduced benefit)	5 (reduced benefit)

FREQUENTLY ASKED QUESTIONS

	OPERS	CITY	STRS	TIAA	APR-O	ARP-S
Can you borrow against contributed funds?	No	Up to 1/2 balance @ 7%	No	No	No	No
Disability benefit	After 5 years		After 5 years	No	No	No
Health care	With 10 years contributions	Yes		May buy thru the university	No	No
Survivor benefit	After 1.5 years of service credit	After 1.5 years of service credit	After 1.5 years of service credit	Yes	No	No