Investment options merge

The UPMC Savings Plan provides a variety of investment options* including LifePath® Portfolios, which are mutual funds that are diversified and designed based on risk tolerance and when you will need your money. Fund managers within Barclays Global Investors (BGI) allocate assets within the portfolios to balance risk and return based on your anticipated retirement date, or when you will need to start withdrawing your funds. The fund names correspond to the approximate year you plan to start withdrawing your money. For example, the BGI LifePath 2020® is designed to meet the needs of someone retiring or accessing their money around the year 2020.  

As each portfolio reaches its target year (the number at the end of the fund name) the asset allocation in that fund will adjust to more closely match the asset allocation of the BGI LifePath Retirement® Portfolio. As we approach the end of 2009, the BGI LifePath 2010® Portfolio now matches the BGI LifePath Retirement® Portfolio and the two funds will be merged. This will take place on Nov. 20, and will occur automatically if you are invested in that fund — no action is required on your part.

If you would like to move your retirement assets into a different LifePath portfolio or begin to invest in a pre-mixed portfolio, visit your UPMC Savings Plan account online through Your Benefits Resources™. Simply log on through My HUB, click on the Human Resources tab, then click on My Retirement under My Benefits. Once you access Your Benefits Resources, you will see Find It Fast on the right-hand side. Click on the drop-down menu and select either Change Future Investments or Transfer Money.

*Investing involves risk, including possible loss of principal. Asset allocation models and diversification do not promise any level of performance guarantee against loss of principal.