Investment Options
Local Unions Retirement Income Program Investment Options
Depending on your lifestyle needs, income objectives and level of investment experience, you can select from a diversified range of investment and income options.1 You have the flexibility to select a single program option, or you can combine choices to create the retirement portfolio that meets your unique needs.
PlanMember Elite
A Time-Tested Approach to Retirement Investing
PlanMember Elite is a full service option featuring a series of Asset Allocation Portfolios that are managed using the same approach to retirement investing utilized by the nation’s largest pension plans. Each portfolio consists of a strategic blend of load-waived and no-load mutual funds* from American Funds, Dimensional Fund Advisors, Federated Investors, Fidelity Investments, OppenheimerFunds, T. Rowe Price and Vanguard, and is managed according to a time-tested approach based on a disciplined process, broad investment diversity and active portfolio management.
Income Annuities
Guaranteed Income for Now or Later
One of the fundamental principles of the Retirement Income Program is that essential expenses should be covered by guaranteed income sources1. Based on this belief, the program offers guaranteed income annuity products2 from New York Life that provide you with either immediate income or deferred income beginning at a date of your choosing. Both have a variety of payment options including guaranteed lifetime income1 for you and/or your spouse.
PlanMember Direct
A Do-It-Yourself Approach
PlanMember Direct3 is designed for members who wish to construct and manage their own investment portfolio. Members can choose from a platform of nearly 200 no-load and load-waived mutual funds* from many of the nation’s most recognized fund companies including American Century, Delaware, Dreyfus, Fidelity, Franklin Templeton, Invesco, Janus, J.P. Morgan, OppenheimerFunds, Neuberger Berman, Pioneer, RS Investments, Sentinel, T. Rowe Price and Vanguard.
*An annual asset-based fee will apply as well as other internal expenses and fees of the funds.
1. Certain options not available in all states.
2. Guarantees and benefits are subject to the claims-paying ability of the underlying insurance company.
3. PlanMember Direct is a client directed option. Client is solely responsible for meeting investment minimums and policies disclosed in the applicable fund’s prospectus.