Under TRS Plan 3 you may choose between two separate investment programs. They are the WSIB Investment Program and the Self-Directed Investment Program.
The WSIB Investment Program enables you to invest in the Total Allocation Portfolio (TAP), a portfolio with an asset allocation that is determined, managed and continuously rebalanced by the WSIB. If you do not select an investment program, your contributions will automatically be directed to this program.
The Self-Directed Investment Program enables you to design your own investment portfolio from a menu of funds, or to choose one of three pre-set portfolios, called Horizon Funds. These pre-set portfolios are balanced funds with asset allocations that target different risk levels and investment time horizons.
If you choose the Self-Directed Investment Program, you must contact ICMA-RC to establish your investment allocation. Use the automated phone line, Web site, or speak with a customer service representative to choose which self-directed fund(s) you want your contributions invested in. If you select the Self-Directed Investment Program and do not set up an allocation, your contributions will be invested in the Money Market Fund.
You can learn more about the WSIB and Self-Directed Investment Program by obtaining a copy of the Plan 3 Investment Guide from your employer or ICMA-RC.
When you become a member of TRS Plan 3, you must use the Member Information form to select your investment program. You can contribute to only one of the two investment programs at a time.
You may change your investment program at any time. If you wish to change your investment program, complete a Plan 3 Change of Investment Program form and return it to your employer. Both Member Information and Plan Change of Investment forms are available on this Web site or through your employer.
Though you can contribute to only one of the two investment programs at a time, you may have investments in both programs. If you wish to move all or a portion of the balance of your investment account between investment programs, contact ICMA-RC.