A Smooth Move to Transamercia

On March 28 at 4pm the North Shore-LIJ retirement plans will be transferred from MetLife to Transamerica Retirement Solutions (March 31 for Staten Island University Hospital plan participants). The few weeks that follow is known as the blackout period. This is the time period that you will not be able to access your retirement account with MetLife or Transamerica, meaning you will not be able to initiate any transactions such as investment transfers, withdrawals or loans. The blackout period is due to end the week of April 20, although Transamerica and North Shore-LIJ aim to end it sooner.

For Staten Island University Hospital Plans
Transamerica has been a valuable partner to the employees at Staten Island University Hospital for several years. Now that they have fully integrated with the health system their retirement plan's fund line-up will convert to the same fund line-up as North Shore-LIJ's. Read more from the Transition Newsletter. 
It's all coming together now!

No Worries
The transition to Transamerica was designed to be as seamless as possible. In fact, there is very little you will need to do. Here's what you don't need to do:

• Your account will transfer automatically, you will continue to save for your retirement without interruption
• Your investment strategy will stay consistent, and your contributions will be in the same or similar funds
• There are no forms for you to fill out
• Your beneficiary will transfer with your account

What About the Frozen Plans?
Frozen plans refer to retirement plans that are inactive and closed to new entrants. Frozen plans will not be transferred from MetLife to Transamerica until later in the year. If you have a frozen plan you will be contacted towards the later part of 2014.

Once the transition is over you will be notified via email and mail. At that time you will have to register and sign in online with a new username and password (that goes for Staten Island University plan participants too!). For more information, check out the North Shore-LIJ Transition to Transamerica portal at nslij.trsretire.com.