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Your Form 1099-R

The 1099-R is a tax form used for reporting retirement plan distributions.  If you received a distribution of $10 or more from the CIRS 401(k) Savings Plan or the CIRS Pension Plan, a Form 1099-R will be generated and sent to you by the end of January.

Your 1099-R for the CIRS 401(k) Savings Plan will come from State Street Retiree Services. If you have not received this tax form by mid-February, you can download an electronic copy by signing in to your account at cirs.voya.com.  You can also request that a duplicate copy be mailed to you by calling the CIRS Service Center at 1-866-719-2477.

Your 1099-R for the CIRS Pension Plan will come from Transamerica Retirement Solutions.  If you have not received this tax form by mid-February, you must request that a duplicate copy be mailed to you by calling Transamerica at 1-888-976-8196.

For guidance on how to report the information from the 1099R Forms on your tax return, please consult your tax advisor.

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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.