The International UAW has announced upcoming investment option changes for the International UAW Staff Severance Plan. The new investment options will provide similar investment strategies and risks, but the overall expenses for the investment options will be lower. In conjunction with this change, the target date retirement funds in the plans will change share class, also in an effort to reduce operating expenses.
All changes will be effective as of the market’s close on October 1, 2014. Contact Mainstay toll-free at 1‑866‑444‑6246 to discuss the impact these changes may have on your portfolio.