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Choose a Retriement
Date Fund
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[Complete boxes
highlighted in yellow.]
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To determine which
Retirement Date Fund (RDF) may be appropriate for you, complete the
information in the applicable boxes highlighted in yellow and your suggested
RDF will be displayed in the box highlighted in blue.
Note that there are a number of other ways to choose a RDF. Click on the link "Other ways to
choose a RDF" below for other alternatives. If you need assistance in
using the calculator or in determining which RDF may be best for you, an
Ernst & Young financial planner can assist you via the MyFRS Financial
Guidance Line at 1-866-446-9377, Option 2 (TRS 711).
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Are you in the
Special Risk or Special Risk Administrative Support Class?1
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Date of birth (mm/dd/yyyy)
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RDF based on Current Age
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The
suggested RDF is based on the FRS normal retirement age for your class of
membership (60 for Special Risk and Special Risk Administrative Support, 65
for all other classes).
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Default/Suggested
Retirement Date Fund
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Other ways to choose an RDF.
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More information on
RDF's
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The
suggested RDF above is based on your FRS normal retirement age and is the
default method we use to assign RDF's for new Investment Plan members who
have not chosen an investment fund.
RDF's are a series of “fund of funds” that are designed to offer
diversified portfolios for members who are unsophisticated and would rather
use professionally managed asset allocation funds than to build their own
retirement portfolios. The RDF's seek
favorable long-term returns through investments in other FRS Investment Plan
investment funds according to an allocation model known as a
“glidepath”. The “glidepath” was
developed by a fiduciary to the FRS based on the demographics, including ages
and salary levels, of current FRS members.
The glidepath is designed to provide younger members who have longer
remaining work careers with more opportunities for asset growth early in
their career, and gradually reduce the risks so that older members can
achieve more income oriented investments, and some hedging against inflation
as they near the end of their careers.
RDF's do not provide guaranteed income or payouts, nor do they ensure that
you will be able to save enough to be able to retire in the year
identified in the name or that the total assets in your account will be
enough to cover your expenses throughout retirement.
RDF's are designed to provide a single Fund whose asset allocation changes
over time and becomes more conservative as you near retirement
age. In general, you should choose only one RDF and not split your assets
among multiple RDF's.
For more information on RDF's, including in-depth information on each
fund's characteristics and individual allocations, please visit the
"Investment Funds" section on MyFRS.com.
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1The Special Risk Class includes law enforcement officers,
firefighters, correctional/probabation officers, emergency medical
technicians/paramedics, and certain health care employees in state
correctional or forensic facilities, or institutions. The Special Risk
Administrative Support Class includes former Special Risk Class members who
are reassigned or re-employed in positions not classified as Special Risk
Class positions, but provide administrative support for employers with
specified Special Risk Class employees.
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