Wednesday, April 16, 2014

Sunny Skies Ahead

Great news for all North Shore-LIJ retirement plan participants: the blackout period is over and your account is now accessible through our new administrator, Transamerica Retirement Solutions. In collaboration with North Shore-LIJ, Transamerica was able to successfully transfer most North Shore-LIJ retirement funds (with the exception of frozen plans) and align the Staten Island University Hospital funds in just a few weeks. Working hard to efficiently and effectively move your retirement funds is the first step towards building a valuable partnership with Transamerica, and the health system hopes you recognize this accomplishment with serious consideration for your future retirement.

Get Moving!
It's time to take a closer look at exactly what your retirement funds look like. To get started, visit nslij.trsretire.com or call 844-NSLIJ (844-675-4547) and set up your user ID and password. Once logged in you will be able to view and access your account.

Don't Know What to Do?
Transamerica representatives will be at many locations, running group meetings through May. Take advantage of this valuable resource and learn more about how you can actively participate in your financial future. Get closer to your retirement goals by learning how to manage your account with interactive tools that are not only easy to navigate through but actually fun to use. Reserve your spot today! Can't make a meeting? Webinars are also available at nslij.trsretire.com.

Keep it Going!
Now is  a great time to consider increasing your contribution to your 403(b) or 401(k) plan. Make an additional commitment to your future and aim for contributing at least 10% of your eligible pay. Can't quite afford that yet? Try the Auto-Increase service, this will automatically increase your contributions at set times. Start off slowly, maybe 1% every 18 months. Little by little your clouds will give way to sun!

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