CRONA
Committee for Recognition of Nursing Achievement
Area Representatives and Membership Meetings
July 1 and 3, 2008

RECENT CHANGES TO OUR RETIREMENT

It’s Your Money! It’s Your Future! Spend Some Time To Know Your Retirement Benefits and Choices!

Our retirement plan includes TIAA-CREF and Fidelity. If you have retirement funds with Fidelity, SHC and LPCH have recently made changes to our retirement options that have raised several questions among our membership.

If you have been using Fidelity as your retirement choice, the hospitals have restricted your Fidelity fund choices as the mailings in March and April 2008 indicate.

If you are satisfied with the new choices you only have to adjust your allocation among the available funds. If you do not make any fund selection, your retirement funds will default to a fund selected by the hospital. The changes will become effective on July 28, 2008.

If you were not able to schedule an appointment for July 8 and July 23, please call the Fidelity Retirement Benefits line at 1-800-642-7131 to schedule a one-on-one meeting at another time. The Fidelity Representative comes to the hospital twice a month and is available to meet with individual employees.

Brokerage Link Account
If you would like to make use of the full range of Fidelity Investments, plus some non-Fidelity investments, you have to change your Fidelity account to a Brokerage Link Account. It will be necessary to coordinate with a Fidelity Representative while you are on your computer to do this successfully. You can contact Fidelity at 1-800-343-0860.

A Brokerage Link Account will restore the full range of Fidelity funds as a retirement choice. It is our understanding that you will incur no fees for investing in any Fidelity Funds. You should confirm this with the Fidelity Representative. However, when you are selling a Fidelity fund that you own on line or through a Fidelity Representative, and Fidelity determines that you have only held (owned) the fund “short term”, you will incur a fee. Check with the Representative before finalizing such transaction(s).

Financial Income Specialists
If you would like to talk to a Fidelity Financial Consultant in person, call 1-800-673-2898. There is a Fidelity office at University Avenue in Palo Alto.

Lorie Johnson, President
On behalf of the CRONA Executive Board