On February 11th, Great West Retirement Services began administering the San Francisco Deferred Compensation Program (SFDCP). This brought about a number of important changes and some unknowns. These include:
The SFDCP Stable Value Account Adjusted from 5.15% at ING to 3.25% at Great West
This is going to have an affect on interest accumulation and how quickly you can grow your wealth. Keep in mind that the rate will adjust quarterly and we watch for the next change, which will happen on April 1st.
Periodic Payments and Systematic Withdrawals Have Been Affected
Your direct electronic payments have halted. In order to reestablish direct electronic payments you will need to fill out the ACH information form that was sent to you by Great West.
Check Your Mail: A New PIN Number Is On Its Way Or Has Already Arrived
Great West will want you to enter your social security number and your new PIN when you call them. If you do not have your new PIN number you will have to wait to you speak to a real person.