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Target Date Funds (TDFs) are coming to your 401(k) Savings Plan

Effective December 2, 2017, the State Street Target Retirement Funds will be added to the CIRS 401(k) Savings Plan’s investment line-up.

Each State Street Target Retirement fund is a well-diversified, professionally managed, automatic investment fund option designed to prepare its investors for retirement in a specified year in the future. Each fund has a date in its name—the fund’s target date—that is the approximate retirement year when withdrawals begin.  For more information on TDFs, click here.

Effective December 2, 2017, you can transfer your existing balance and/or direct future contributions into any combination of these funds:

Cash Equivalent

  • Stable Value Fund (Default Election under the Plan)

Bond Fund

  • Bond Market Index

Stock Funds

  • S&P 500 Index
  • S&P 400 Index
  • Russell 2000 Index
  • International EAFE Index
  • Emerging Markets Index

Target Retirement Date

  • State Street Target Retirement 2020 Fund
  • State Street Target Retirement 2025 Fund
  • State Street Target Retirement 2030 Fund
  • State Street Target Retirement 2035 Fund
  • State Street Target Retirement 2040 Fund
  • State Street Target Retirement 2045 Fund
  • State Street Target Retirement 2050 Fund
  • State Street Target Retirement 2055 Fund
  • State Street Target Retirement 2060 Fund
  • State Street Target Retirement Fund

For more information on any of these funds, including overviews, details on strategy and holdings, and recent performance data, please visit the fund reports page.

You can change your investment elections at anytime by logging onto your account at cirs.voya.com or calling the CIRS Service Center at 1-866-719-2477 from 8AM – 8PM Monday – Friday (EST).

In addition, you also have the option of opening a Self-Directed Brokerage Account (SDBA) with TD Ameritrade.  You can invest in thousands of mutual funds and hundreds of Exchange Traded Funds (ETFs).  There is a $35 annual account maintenance fee (plus applicable transaction fees) for this service.