Subject: DRS Email 11-031, Plan 3 and DCP investment fund lineup change...

  • Notice No.: 11-031
  • Date: October 10, 2011
  • Applies to: All Employers
  • Subject: DRS DRS Email 11-031, Plan 3 and DCP investment fund lineup change – reminder mailing

This is to let you know about a post card reminder that has mailed to all Deferred Compensation Program participants and Plan 3 members who remain invested in the funds that were discontinued after September 23. The post card mailed on October 7 and reminds customers to be sure to review their investments and take necessary action. They have until October 28 to move money out of a discontinued fund/s. If they have not moved out of the discontinued funds by October 28, they will be defaulted into a Retirement Strategy Fund based on their birth year and an assumed retirement at age 65.

If your employees contact you with questions, here are two important things to know:

  • The 2011 Fund Transition page* on our website contains detailed information that will be helpful for your employees. You can also find digital versions of the Transition Guides that mailed to Plan 3 members and DCP participants in August.
  • If they have questions not answered by the guides or website, Plan 3 members can call us at 888-711-8773 and DCP/JRA participants can call us at 888-327-5596.

Questions

If you have any questions regarding this DRS Notice, please contact Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2 or e-mail us.

*Link has been disabled due to age of article or information

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