f2c7e9a0_2011_Legislative_Session__Title
[House Bill Number] *HB 1625 [Title] 
Default Investment Option for Plan 3 This bill changes the investment option for new employees who default into membership in PERS, TRS, or SERS Plan 3 by failing to choose a retirement plan within the allotted 90 days. The current default investment option is investing in the Commingled Trust Fund option, called the Total Allocation Portfolio, or TAP. The new default investment option is the Target Date fund that is designed for the closest age to the member at the time of default. The defaulted member will still retain the option to change his/her investment choices at any time.
2011 Legislative Session
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