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New permissions around UC retirement plans loans and withdrawals for staff impacted by COVID-19

On May 21, 2020, the UC Board of Regents voted to implement provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) designed to make it easier for participants impacted by COVID-19 to access funds from retirement savings plans. Participants of the Defined Contribution Plan, Tax-Deferred 403(b) Plan and 457(b) Deferred Compensation Plan may be eligible.

Here’s what you need to know

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