Dear MRPEA Members,
Most of you are aware that the administrator for the Deferred Comp program at PERS has been changed to Great-West beginning this year. When the contract with the previous administrator (SBA/ING) expired, they were not able to renew the contract and continue providing the same services at the same cost as in the past. Consequently, the PERS Board accepted bids for these services. Great West provided the best proposal for Deferred Comp services, and their bid was accepted – for a 5 year contract.
The services provided by Great West are essentially the same as in past years, but, obviously, there will be some differences. Great West representative Connie Stevens recently visited with MRPEA Vice President Becky Cade & me to discuss how we might assist them in getting out information about the company and to announce a number of seminars which will be held in Mississippi to allow retirees to have access to company representatives to listen and to ask questions. A flier provided by Great West is being attached to this correspondence. Please read the attachment and help us to get the word out to retirees who are interested in attending one of the seminars. (Refer to attached documents: Deferred Comp Plan – Employees or Deferred Comp Plan – Retirees.)
Seminars will cover topics ranging from retirement planning to investment options to making a budget. Ron Nichols, the Retiree Advocate for Great-West Financial, will provide practical advice for those who will retire within 10 years. Seminars are typically 2 hours in length.
Thank you for your service to the state of Mississippi and for being a member of MRPEA. I hope you will let us know when we can be of service to you in any way.
Sincerely Yours,
Howell C. Garner