In early July, we sent this email to plan members (members with access to Asset Allocation tool received this version). The email reassured members that their group plan can be a cost-effective way to save for retirement. A group plan can support their investment goals, especially in times of market volatility. While encouraging members to stay the course, we also highlighted several benefits of their group plan. These benefits include tools that are available to them and ongoing access to advice.

Despite current market volatility, members have remained focused on their investments. Approximately 4.6% of all GRS members have made an interfund transfer in the first half of 2022, resulting in interfund transactions that are 18% lower than the first half of 2021. In addition, the majority of those members (68% of members who made interfund transfers) moved money to more conservative investments. Average withdrawal amounts have decreased by 10.0% from the first half of 2021 to the first half of 2022.

We will continue to provide support and education to plan members during these challenging conditions. Here’s a link to the Q2 2022 market commentary, available on

For more questions, please contact your Group Retirement Services representative.