Retired and Relocating? There’s one important task you Unlock may have forgotten. Page 8 Powerful Online Tools Discover more ways to manage your retirement with myURS. Page 2

For Retired Members of Utah Retirement Systems | Holiday 2014 | Volume 32, No. 3 Is Your Retirement Savings On-TARGET? Our new Target Date Funds can help. See how they can keep your asset allocation on track at any age. Pages 4-5

Add More Muscle to Medicare Find out how. Pages 6-7 Cycles | Utah Retirement Systems Holiday 2014

Health & Wellness One-Stop Account Access Stay up-to-date on your benefits by creating a myURS account. No time to exercise? View your pension information, manage your savings plans, Look a little closer access tax documents and URS account statements, update pension tax withholdings and address changes, and more. For a week, record the time you spend on: Go to www.urs.org to create an account. You'll need your Social Security » personal phone calls number and your URS account » personal emails number. Find your URS account » watching television number on your URS statements or call us at 801-366-7770 » surfing the web or 800-695-4877. n » eating out Add them up, then look at the top three, and plan to reduce each by 30 minutes. Use this time to get in three 30-minute workouts. n

Trust · Commitment Remember when... Value Innovation Excellence · · 1930s » This delectable 1960s » This U.S. Government Utah Retirement Systems homemade treat is baked for volunteer program is created by 560 East 200 South the first time by Ruth Graves President Kennedy in 1961. Wakefield in 1938. Salt Lake City, UT 84102-2021 1970s » In 1973, this Pink Floyd www.urs.org 1940s » This Orson Welles film release becomes the best-selling We value your privacy. We never sell or opens in 1941 and closes with album of the decade. otherwise share your private information, the enigmatic line, “Rosebud.” including your email and mailing address, 1980s » This “show about to any outside entity. 1950s » Giuseppe Farina wins nothing” sitcom debuts in 1989 the inaugural season of this, the and receives critical acclaim over highest class of open-wheel, the next nine seasons of its run For Retired Members

of Utah Retirement single-seat auto racing. on NBC.

Systems

: Seinfeld : 1980s | Moon the of Side Dark : 1970s | Corps Peace 1960s:

| One Formula 1950s: | Kane Citizen 1940s: | cookie chip Chocolate :

Holiday 2014 | Volume 32, No.3 1930s [email protected]

10/08/14 AGE

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Retirement Savings Plans Take This Money, Now! Required Minimum Distributions (RMD): When you must take them, how to calculate them, and more.

If you’re over 70 ½, you may have to begin taking small Calculating Your RMD withdrawals from your tax- deferred accounts (401(k), 457, Step One » Determine your traditional IRA, etc.). account balance on the last Uniform day of the previous year for each Distribution For 401(k) and 457 accounts, Factor if we don’t hear from you account. For example, suppose on Age on Dec. 31, 2014 regarding your RMD December 31, 2013, your 401(k) Age Factor payment, we will calculate account balance was $30,000. 70 27.4 71 26.5 your RMD amounts for you Step Two » Locate the correct and automatically send this 72 25.6 factor from the IRS table based on 73 24.7 payment out to you before the your age at the end of this current end of the year. 74 23.8 year. For example, if you are 71 75 22.9 Unlike with the 401(k) and years of age the factor is 26.5. 76 22.0 457, if you have more than 77 21.2 Step Three » Divide the one traditional IRA, you can 78 20.3 Dec. 31, 2013, account balance calculate the amount required 79 19.5 by the factor ($30,000 / 26.5 from each of the IRAs 80 18.7 = $1,132.08). This is your RMD separately and then withdraw See IRS Publication amount. 590 for complete list. the amount from one of the accounts. Step Four » Determine how and when you would See the four steps at right for like to receive this amount. You may withdraw this calculating RMDs. If you need amount at any time during 2014. You can take it help, call us at 801-366-7720 in a single payment, or monthly, quarterly, or or 800-688-401k (press “0” to semi-annual payments. speak with a counselor). n AGE

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URS Target Date Funds » In January 2015, these new funds will replace our Horizon Funds to give your savings another level of diversity. KEEPING YOU on-TARGET

What it Means to You Target Date Fund Your Date of Birth New Year, New Choices In January 2015, we will introduce (not a complete list) From To The Target Date Funds give 12 Target Date Funds. These funds, you an excellent single option. Target Date 2025 July 1, 1958 June 30, 1963 allocated based on your age and But we still offer other ways to invest retirement time frame, will replace the Target Date 2020 July 1, 1953 June 30, 1958 in URS Retirement Savings Plans. URS Horizon Funds. If you’re currently 1) Target Date Funds Target Date 2015 July 1, 1948 June 30, 1953 invested in a Horizon Fund, your money Professionally invested and rebalanced. will be automatically transferred to the Target Date 2010 July 1, 1943 June 30, 1948 2) Core Investment Funds Target Date Fund associated with your You choose your own mix and rebalance age (see chart at right). Afterward, Target Retired June 30, 1943 as you wish. We offer eight funds, such you can adjust your as Income, Balanced, Large Cap Stock investments however you The “Target Retired” fund is designed for most Growth, International, etc. wish. Watch your mailbox for retirees. However, other funds are for you if your birthday more information about the falls within the ranges in the chart. If you want a more 3) Charles Schwab PCRA URS Target Date Funds later aggressive mix, you might consider a Target Date Fund A self-directed brokerage account. this year. designed for a younger investor. Learn more at www.urs.org.

Important! ‘Glide Path’ Changes Your Investment Mix Over Time Watch ASSET CLASSES Invested in the Horizon The chart at right represents a “glide 100% Your Mail Private Real Estate Funds? Your money will path,” how each Target Date Fund’s 90% We’ll send you 80% Inflation-Linked Bonds be automatically transferred allocations change. As you can see, the tion Commodities more detailed 70% U.S. REITS to the Target Date Fund “Target Retired” fund is invested most 60% information about URS Income Fund associated with your age on conservatively (allocations of income 50% International Bonds URS Target Date January 1, 2015. Afterward, you and bond funds are the greatest; while 40% U.S. Bonds Funds later can adjust your investments more-risky assets, such as international 30% International Stock this year. 20% Small Cap Stocks however you wish. and small cap stocks, are the least). Active Large Cap Stocks 10% a Portfolio Alloc 0% Passive Large Cap Stocks 2060 2055 2050 2045 2040 2035 2030 2025 2020 2015 2010 Target TARGET DATE Retired AGE AGE

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PEHP Medicare Supplement EXCLUSIVELY FOR YOU If you’ve ever been a URS member or married to someone How Do who was, you can get PEHP Medicare Supplement when I Enroll? you’re eligible for Medicare. These plans give you additional coverage for the medical and pharmacy costs Medicare doesn’t cover. To enroll in a Three supplement medical plans and three pharmacy plans are available. medical plan, you Enroll in just a medical plan, just a pharmacy plan, or both. must be enrolled in Medicare Part A and Part B. To enroll in a What Are the Advantages? pharmacy plan, you » Your premium won’t increase based must be enrolled in on your age either Medicare Part » Monthly premiums can be deducted A or Part B. from your URS retirement check Get the » Discounted dental benefits enrollment form at » Coverage out-of-state and www.pehp.org out-of-country or by emailing publications@urs. » Discounts on healthy lifestyle products org. Mail it to: and services (www.pehp.org/plus)

PEHP Enrollment What Does It Cost? Department Plan Choice Monthly Cost 560 East 200 South Basic Prescription Drug Plan $32.85 per person Salt Lake City, UT 84102-2004 Basic Plus Prescription Drug Plan $46 per person Enhanced Prescription Drug Plan $108.85 per person We must receive your form by Medicare Supplement Medical Plan 100 $148 per person December 7. Medicare Supplement Medical Plan 75 $114 per person Medicare Supplement Medical Plan 50 $84 per person

How Do I Learn More?

CALL PEHP at 801-366-7555 or 800-765-7347.

Go TO www.pehp.org. Get the open enrollment guide.

ATTEND A FREE SEMINAR. Details on the next page. AGE

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PEHP Medicare Supplement WANT TO LEARN MORE? Join us for a free seminar about Medicare and PEHP Medicare Supplement. We’ll be available after each presentation to answer questions. Register at www.pehp.org/medsup

County Dates & Times Location

Salt Lake County October 28: 10 a.m., 1 p.m. & 3 p.m. Murray City Council Chambers 5025 S. State Street, Murray

October 30: 10 a.m., 1 p.m. & 3 p.m. Sandy City Council Chambers 10000 Centennial Parkway, Sandy October 31: 10 a.m., 1 p.m. & 3 p.m. Second Floor

Carbon County November 13: 11 a.m. & 2 p.m. USU-CEU Jennifer Levitt Building 451 E 400 N, Price Alumni Room

Davis County November 4: 10 a.m. & 3:30 p.m. Davis County Administrative Offices 61 South Main Street, Farmington Park on north side of building. Room 131A (North Entrance)

Sanpete County November 5: 2 p.m. Snow College 150 East College Ave., Ephraim Noyes Bldg, Founders Hall 4th Floor

Sevier County November 5: 10:30 a.m. Snow College Admin Building 800 West 200 South, Richfield

Utah County November 10: 10:30 a.m. & 1:30 p.m. State Hospital Administration Bldg 1300 East Center Street, Provo Classroom 21

Washington County November 6: 10 a.m. & 3 p.m. Dixie State College Taylor Health Science Ctr Auditorium 1526 Medical Center Dr., St. George

Weber County November 6: 10 a.m. & 2 p.m. Department of Human Resources 950 East 25th Street, Ogden Conference Room AGE

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Holiday 2014 Vol. 32 No. 3 PRSRT STD U.S. POSTAGE PAID Salt Lake City, UT Permit No. 4621 [email protected] Mailing Address: PO Box 1590 Salt Lake City, UT 84110-1590 801-366-7700 | 800-365-8772 www.urs.org

2014 IRA Contribution Planning to Move? Please Deadline is April 2015 Let Us Know The year is almost over, but IRA, enroll at myURS at Planning a big move? you still have plenty of time www.urs.org or fill out a URS Please let us know to contribute to an IRA. IRA Enrollment Contract. The your new address as Contributions for the 2014 tax 2014 contribution limit on both soon as you know it. year can be made until the traditional and Roth IRAs Keeping us in the loop April 15, 2015. As a retiree, is $5,500 (combined), with an ensures you get all you can contribute if you have additional age 50 catch-up the information and earned income (wages) or provision of $1,000. The IRS benefits we provide. income from self-employment. will announce the 2015 limits Social Security or income from before the end of 2014. Make the address change at myURS at your retirement plans is not You must be under age 70 ½ considered earned income. www.urs.org. See Page to contribute to a traditional 2 for instructions. If you don’t currently have an IRA. n Remember, no matter where you choose to live, your URS pension benefit will be taxed according to the laws of the state in which you live. n AGE

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