{"id":617,"date":"2019-05-06T17:31:22","date_gmt":"2019-05-06T17:31:22","guid":{"rendered":"http:\/\/www.singingriverretirement.com\/?p=617"},"modified":"2019-05-06T17:42:56","modified_gmt":"2019-05-06T17:42:56","slug":"message-from-the-sf-march-19-2019-4","status":"publish","type":"post","link":"http:\/\/www.singingriverretirement.com\/?p=617","title":{"rendered":"Message from the SF \u2013 April 28, 2019"},"content":{"rendered":"<!-- wp:paragraph -->\n<p><strong>April 28, 2019<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><strong>To: All Participants of the Singing River Health System Employees\u2019 Retirement Plan and Trust<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Dear Plan Participants,<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I wanted to let you know that the funds previously held in the escrow have been moved over to the Plan\u2019s investment portfolio and all future settlement payments will come directly to the Plan.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>If you recall from our meeting last November, in our report to you, we had anticipated the approval of the settlement, and so there will be no new changes to benefits as a result of the approval.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The results of a mid-year valuation show that on a projected basis, the Plan remains within the 90%-110% corridor as ordered by the Court. This is good news after the market downturn in December. Our investments have recovered well and this means that no further benefit changes are being contemplated.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There is other litigation still ongoing that may impact the Plan to some smaller degree. The lawsuits with Transamerica, the former Plan administrator, and the former auditor (KPMG) are still pending. I will keep you posted as those cases progress as well.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>I remain committed to doing my best<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Sincerely,<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":228,\"linkDestination\":\"custom\"} -->\n<figure class=\"wp-block-image\"><a href=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/12\/sig.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"91\" src=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2017\/12\/sig.jpg\" alt=\"\" class=\"wp-image-228\"\/><\/a><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Traci M. Christian, EA, MAAA, FCA, MSPA<br>Special Fiduciary<br>Singing River Health System Employees\u2019 Retirement Plan and Trust<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Download\/View PDF:&nbsp;<a href=\"http:\/\/www.singingriverretirement.com\/wp-content\/uploads\/2019\/05\/April-2019-Letter.pdf\">April 2019 Letter<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><a href=\"http:\/\/www.singingriverretirement.com\/?cat=6\">View Past Messages from the SF<\/a><\/p>\n<!-- \/wp:paragraph -->","protected":false},"excerpt":{"rendered":"<p>April 28, 2019 To: All Participants of the Singing River Health System Employees\u2019 Retirement Plan and Trust Dear Plan Participants, I wanted to let you know that the funds previously held in the escrow have been moved over to the Plan\u2019s investment portfolio and all future settlement payments will come directly to the Plan. If [&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],"tags":[],"class_list":["post-617","post","type-post","status-publish","format-standard","hentry","category-homepage-messages"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/617","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=617"}],"version-history":[{"count":2,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/617\/revisions"}],"predecessor-version":[{"id":627,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=\/wp\/v2\/posts\/617\/revisions\/627"}],"wp:attachment":[{"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=617"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.singingriverretirement.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}