justin No Comments

Announcing Transamerica as the New CIRS Pension Plan Administrator

Our current pension administrator, Voya Financial, has made a business decision to exit the defined benefit pension market. This decision affects how The Cultural Institutions Pension Plan (“CIRS Pension Plan”) members access information for pension benefits. Your pension plan benefits and eligibility are unaffected by this change.

For those of you who still have a balance in The Cultural Institutions Savings Plan (“CIRS 401(k) Savings Plan”), there is no change in how you access your savings account. Voya Financial is continuing to administer the savings plan, and therefore the website and contact information will remain the same.

With the departure of Voya Financial from the defined benefit business, we have selected Transamerica Retirement Solutions as our new pension plan administrator. This decision was made after a thorough evaluation of leading companies who offer these services. Transamerica’s book-of-business includes over $140 billion in retirement plan assets, 4 million plan participants, and 60 years of pension plan experience.

The change in pension plan administration from Voya to Transamerica is effective as of May 2, 2016.

In summary, your new contact information will be as follows:

CIRS 401(k) Savings Plan: Please contact Voya at cirs.voya.com or by calling the CIRS Service Center at 1-866-719-2477.

CIRS Pension Plan: Please contact Transamerica at cirs.trsretire.com or by calling a Transamerica Retirement Counselor at 1-800-755-5801.

Both Transamerica and Voya representatives are available Monday through Friday, 8:00 a.m. to 8:00 p.m. EST, except NYSE holidays.