Seminars to explain coming changes in voluntary retirement plans

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retirement group 492Instructions and tips on accessing and managing your account will be provided, and TIAA financial consultants will be on hand to answer your questions. Register online for onsite sessions.A series of webinars and onsite meetings will be offered during the next several weeks to review changes to voluntary retirement plans for UAB and the UAB Hospital Management LLC.

Effective Oct. 4, TIAA will become the single service provider to offer comprehensive retirement services for voluntary retirement plans through the UA System and UAB Hospital Management LLC, and transfer-eligible balances with VALIC, which has been an investment option since 2010, will be transferred to TIAA.

This change does not impact eligible employees participation in the mandatory TRS retirement plan.

The planned seminars will review information provided in the transition guides and highlight actions employees may wish to take as a result of the changes, but no action is required at this time.

A transition guide should arrive this week in the homes of employees participating in voluntary retirement programs that details the changes and provides answers to commonly asked questions. New investment options, lower costs, increased transparency on fees and easier access to account information are among benefits of the return to a single provider cited by the UA System.

The planned seminars will review information provided in the transition guides and highlight actions employees may wish to take as a result of the changes, but no action is required at this time.

Onsite sessions for general retirement planning will be held 9 a.m. Sept. 17 in Spain Auditorium and 9 a.m. Sept 24 in Volker Hall Lecture Room B.

Onsite sessions for employees who are more heavily invested in VALIC will be held 4 p.m. Sept. 17 in Spain Auditorium and 1 p.m. Sept. 24 in Finley Conference Center.

Instructions and tips on accessing and managing your account will be provided, and TIAA financial consultants will be on hand to answer your questions. Register online for onsite sessions.

Sessions also will be conducted online. Five webinars for general retirement planning will be conducted, and interested employees can register by selecting the date and completing the form.

Online sessions for employees who are more heavily invested in VALIC will be held

Recordings of the webinar sessions will available for 30 days for those unable to attend or who desire to review the information again.

Learn more at TIAA.org/uasystem (UAB) or TIAA.org/uabllc (UAB Hospital Management LLC), or call TIAA at 800-842-2252, 7 a.m.-9 p.m. (CT) and Saturday, 8 a.m.-5 p.m. (CT).