{"id":329,"date":"2018-04-13T17:16:13","date_gmt":"2018-04-13T17:16:13","guid":{"rendered":"http:\/\/www.singingriverretirement.com\/?p=329"},"modified":"2018-08-07T23:40:39","modified_gmt":"2018-08-07T23:40:39","slug":"april-13-2018-message-from-the-special-fiduciary","status":"publish","type":"post","link":"http:\/\/www.singingriverretirement.com\/?p=329","title":{"rendered":"Message from SF &#8211; April 13, 2018"},"content":{"rendered":"April 13, 2018 - Message from the Special Fiduciary\r\n\r\n<hr \/>\r\n\r\n<strong>To: All Participants, Retirees and Beneficiaries of the<\/strong>\r\n<strong> Singing River Health System Employees\u2019 Retirement Plan and Trust<\/strong>\r\n\r\nDear Plan Participant,\r\n\r\nYou may have seen on the news last night: Judge Bell issued an order late in the day yesterday regarding specific changes to the Plan effective immediately.\r\nI was officially notified of this order this morning and am posting it here for you to read in its entirety if you would like. It speaks at length as to the reasoning behind the Court\u2019s decisions. Although it is long, I highly encourage you to read it.\r\n\r\nWhile I understand the necessity of the Court to make the decisions and moves regarding the benefits, I am surprised that a 60 day notice was not given to retirees about the timing of benefit reductions. I have promised to keep you as informed as I can. Unfortunately \u2013 in this case \u2013 I initially learned of the order at the same time and in the same way that many of you did.\r\n\r\nJudge Bell speaks about the timing in his order. While the timing is surprising and the changes will be difficult to manage in the short term, we all know that the sooner we make them, the more secure the fund will be for all plan participants in the long term.\r\n\r\nI will be spending the next several days going over the Court\u2019s order and determining specifically what needs to happen, and when, so that the Retirement Plan complies with the order. I will communicate all of this to you here on this website as soon as the details are known.\r\n\r\nAgain, I want to remind you: You can now \u201csubscribe\u201d to the website with your e-mail address. This will automatically send you an e-mail any time I have new information to share with you.\r\nI am, and will continue to be, working for you.\r\n\r\nSincerely,\r\n\r\n<a href=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/12\/sig.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-228\" src=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/12\/sig.jpg\" alt=\"\" width=\"200\" height=\"91\" \/><\/a>\r\n\r\nTraci M. Christian, EA, MAAA, FCA, MSPA\r\nSpecial Fiduciary\r\nSinging River Health System Employees\u2019 Retirement Plan and Trust\r\n\r\n<a href=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/03\/637-Order-Modifying-Terms-of-Pension-Plan.pdf\">637 Order Modifying Terms of Pension Plan<\/a>\r\n\r\n<a href=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/03\/April-13-2018-Letter.pdf\">April 13 2018 Letter (PDF)<\/a>","protected":false},"excerpt":{"rendered":"<p>April 13, 2018 &#8211; Message from the Special Fiduciary To: All Participants, Retirees and Beneficiaries of the Singing River Health System Employees\u2019 Retirement Plan and Trust Dear Plan Participant, You may have seen on the news last night: Judge Bell issued an order late in the day yesterday regarding specific changes to the Plan effective [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"class_list":["post-329","post","type-post","status-publish","format-standard","hentry","category-homepage-messages","category-updates"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=329"}],"version-history":[{"count":2,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/329\/revisions"}],"predecessor-version":[{"id":447,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/329\/revisions\/447"}],"wp:attachment":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=329"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}