Major retirement benefit changing!
The Sheet Metal Workers Local 33 Annuity Fund is undergoing a change and all members are encouraged to become familiar with this modification.
Fund Trustees, doing their due diligence to keep the fund financially sound, opted to change the default option to more accurately reflect the current demographics of Local 33.
Now, members who do not choose an annuity option will be placed in an age appropriate mutual fund that automatically changes from aggressive investment to a more conservative asset mix. As time progresses, the fund diversifies from equity such as stocks to bonds. The change will help members be in a better position to retire when they want.
By watching the video below, members will learn in detail about the change and determine their retirement target goal date. All members are encouraged to watch the video to learn more about the changes to the Annuity Fund, to better help you prepare for retirement.
Watch the Member Annuity Meeting Video
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