The PEPP Fund Line-up is changing. A new Bond Fund was introduced July 1, 2014. The Short-term Bond Fund will be closing October 31, 2014 and a new Money Market Fund will be introduced November 1, 2014.
Many members will be directly impacted by these changes.
The Short-term Bond Fund will close on October 31, 2014 and a new Money Market Fund will be introduced. Members in the Short-term Bond Fund must decide where they want to direct that account balance, or it will be automatically moved into the new Money Market Fund on October 31, 2014.
Members in the Balanced Fund by default have the option of staying in the Balanced Fund, or transferring their monies to any one of the other PEPP funds. Anyone who does not inform PEPP of their decision by October 24, 2014 will see their Balanced Fund account transferred to PEPP Steps (PEPP’s default fund) on October 31, 2014.
Letters explaining the changes and the impact on individual Plan members have been mailed out. Please see the Frequently Asked Questions below for more information. There are several meetings being held throughout the province to help members to make these decisions. Please check under the presentation icon to the right for dates and locations. Please contact us if you have any questions.
Whether you are impacted by these changes or not, it’s always a good idea to review your investment choice to make sure you are still comfortable. You can confirm or change your investment instructions at any time using PEPP Access.
About Voice Your Choice (pdf)
Frequently Asked Questions (pdf)