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Plan 3 retirement systems for teachers (TRS 3), school employees (SERS 3), and public employees (PERS 3) are hybrids that offer a combination of
defined benefit and defined contribution features.
How are these hybrid plans set up? |
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Employer contributions finance the defined benefit component of the plan. |
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Members (employees) finance the defined contribution component. |
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What happens with the defined contribution component?
Members select one of two investment programs for their contributions: |
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The WSIB Total Allocation Program (TAP) mirrors the Commingled Trust Fund to create an optimal investment strategy and portfolio mix of asset classes not typically available in other investment programs. |
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The Self Directed Investment Program provides a menu of funds allowing participants to design portfolios consistent with their individual retirement objectives, investment skills, and risk tolerances. |
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Retirement income generated by either the TAP or the Self Directed Investment options depends on what members contribute and how well their investment choices perform. |
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| Market Value Distributions |
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| For additional performance information on the Plan 3 investment options,
including the most recent daily valuations go to http://www2.icmarc.org/xp/plan3/pers/investing/. |
