Important Information for Money Market Option DROP Retirees

MPERS is pleased to announce that it has selected Empower Retirement as the new provider of administrative, recordkeeping, communication and investment education services for the Deferred Retirement Option Plan (DROP) effective February 1, 2020. Please see the memo linked below for further information.

The bottom line is that 1) your fees will be less than they are currently with LAMP, 2) you will have more flexibility regarding account withdrawals and access to your account, and 2) if you desire, you will be able to invest in the Vanguard Lifestrategy Funds.