SMP FAQ - During the Plan Choice Election Enrollment process what are the steps one must take in order to select the investment funds for the SMP plan?

June 28, 2016 - 10:42
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Question: 

During the Plan Choice Election Enrollment process what are the steps one must take in order to select the investment funds for the SMP plan?

Category: 
Miscellaneous
Answer: 

First of all, SURS strongly encourages those electing the SMP plan to enroll electronically.  

If you are not selecting provider and fund allocations until a later time you will need to wait a minimum of 24-48 hours. You will then need to go to the SURS Member Website and click on the Netbenefits button which can found under the "Quick Links" tab on the right-hand column. You may also call the Fidelity Retirement Service Center at 800-343-0860 for assistance. NOTE: FAILURE TO COMPLETE THIS STEP WILL RESULT IN YOUR CONTRIBUTIONS BEING PLACED IN AN AGE APPROPRIATE TARGET DATE FUND.

If you are electing via a paper enrollment form you must wait 1-2 business days from when SURS receives the choice election form to allow for the Providers to have you registered in their system(s). You will then need to go to the SURS Member Website and click on the Netbenefits button which can found under the "Quick Links" tab on the right-hand column. You may also call the Fidelity Retirement Service Center at 800-343-0860 for assistance. NOTE: FAILURE TO COMPLETE THIS STEP WILL RESULT IN YOUR CONTRIBUTIONS BEING PLACED IN AN AGE APPROPRIATE TARGET DATE FUND.

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