empower my retirement phone number

Get help for your existing account · Brokerage Products (529 plans, Mutual Funds, Exchange-Traded Funds, Individual Retirement Accounts, Unit Investment Trusts). In 2020, you have an opportunity to save toward your retirement and retirement benefits from the employer's basic pension plan;. After the transition to Empower, changes can be made online, over the phone or with your assigned Retirement Plan Advisor.
empower my retirement phone number
Funds May Lose Value Not Bank Guaranteed Not FDIC Insured

DROP

Active members are eligible to enter the DROP program when the member is eligible for regular retirement.  Eligible members may participate in DROP one (1) time and for up to three (3) years.  During the DROP participation period, employee contributions will no longer be deducted from your paycheck.  

The DROP member will be notified approximately two (2) months before the expiration date of their DROP participation for a decision to be made by the member to retire or continue employment.  If employment is continued, employee contributions will once again be deducted from the member's paycheck and additional service credit will empower my retirement phone number accrued.  An additional benefit will be calculated at termination of employment.

If the member retires after the DROP participation ends, tioga state bank newfield monthly retirement benefit will be deposited in the member's bank account on the first business day of each month.

DROP account balances will be sent to the money market account with Empower Retirement at the end of the DROP participation.  Members will be contacted by Empower Retirement to discuss options available.   These options will include keeping the funds in the money market fund or transferring the funds into the self-directed funds.  

Withdrawals from DROP account balances are only allowed after termination of employment.  All DROP distributions empower my retirement phone number subject to a mandated 20% to the IRS for Federal taxes, but are exempt from Louisiana State tax.

If you have any questions concerning DROP, call our office at 225-925-4810 or 800-820-1137 to empower my retirement phone number to a Retirement Benefits Analyst.

Click here to visit the Empower website for more information. 

Источник: https://www.mersla.com/active-members/page/drop
Not Insured by Any Federal Government Agency.

Источник: https://www.empower-retirement.com/

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Empower Retirement - Guided Tour for Employee Participants

Empower my retirement phone number -

Saving for Retirement

The MaineSaves plan is a voluntary retirement savings program. You choose how much you'd like to save and where you'd like your money invested. This is an easy, pre-tax way to save additional funds towards retirement conveniently through payroll deduction.  Choose a provider to enroll today!

AIG Retirement Services(formerly known as Valic) The access code for State of Maine employees is 0251301.  AIG Enrollment Guide (pdf)

Empower (formerly known as MassMutual) The user ID is your Social Security number.  The PIN is 150006 (the State's group number).  Empower Enrollment Guide (pdf)

Voya Please go to enroll.voya.com, enter Plan Number 666960 and enter Verification Number 061399. Voya Enrollment Instructions (pdf)

Some transactions cannot be done online.  If you are in a position that is eligible for the 5% Enrollment Option, want to participate in the 3-year pre-retirement catch-up or need to request a vacation pay deferral, please contact your local representative.

Источник: https://www.maine.gov/bhr/oeh/benefits/Saving_for_Retirement

Great-West Lifeco U.S. subsidiary agrees to acquire Prudential’s full-service retirement business

  • Empower Retirement to acquire Prudential’s full-service retirement business for total transaction value of C$4.45 billion (US$3.55 billion)
  • Reinforces Empower’s position of leadership in U.S. retirement market
  • Highly accretive transaction driven by large synergy opportunities creates long-term value for Great-West Lifeco shareholders
  • Leverages Empower’s strong track record of building scale through M&A and its proven integration capabilities 

Winnipeg, July 21, 2021. . . Today, Great-West Lifeco Inc.’s (Lifeco) (TSX:GWO) U.S. subsidiary Empower Retirement (Empower) announced it has reached a definitive agreement to acquire Prudential Financial, Inc.’s (Prudential) full-service retirement business. Subject to regulatory approvals, Empower will acquire this business for a total transaction value of approximately C$4.45 billion (US$3.55 billion).

“Empower’s acquisition of Prudential’s full-service retirement business will add significant scale and capabilities, further solidifying its leadership position in the world’s largest retirement market,” said Paul Mahon, President and CEO, Great-West Lifeco. “The Empower team has a strong track record of successful M&A integration and is well-positioned to deliver for stakeholders on this transaction.”

Prudential’s full-service retirement business covers 4,300 workplace savings plans, approximately four million participants and US$314 billion in assets under administration.1 The addition of this retirement business increases Empower’s base to over 16.6 million participants, 71,000 workplace savings plans and approximately US$1.4 trillion in assets under administration. The deal also strengthens Empower’s overall offering for participants and sponsors through additional expertise, an expanded product offering and new capabilities from Prudential.

“Empower and Prudential share a commitment to serving the financial needs of working Americans, their advisors and employers. This transaction will create an even stronger service organization at Empower, fueled by technology and the expertise of our deep talent pool,” said Ed Murphy, Empower President and CEO. “We will continue to leverage our scale and resources to challenge the status quo and be uniquely positioned to serve the retirement and wealth management needs of millions of retirement savers in every phase of their financial journey.”

Transaction highlights

Empower will acquire Prudential’s full-service retirement business for a total transaction value of approximately C$4.45 billion (US$3.55 billion). The value includes approximately C$2.6 billion (US$2.1 billion) of capital to support the business. Lifeco expects to fund the transaction with approximately US$1.15 billion of limited recourse capital notes (“LRCN”), and US$1.0 billion of short-term debt, in addition to existing resources.

Lifeco expects the transaction to be highly and immediately accretive to its earnings as a result of meaningful expected expense and revenue synergy opportunities.

Run-rate annual expense synergies of US$180 million are expected to be phased in over 24 months. Revenue synergies of US$20 million are expected on a run-rate basis by the end of 2023 and are expected to grow to approximately US$50 million by 2025.

Prudential’s full-service retirement business is expected to contribute approximately US$325 million after-tax earnings to Empower on a run-rate basis by the end of 2023 (approximately US$245 million2 after financing costs and foregone investment income), with high cash generation.

EPS accretion of 8-9%3 is expected on a run-rate basis by the end of 2023.  

Empower’s contribution to Great-West Lifeco’s earnings is expected to grow to 30%4 by the end of 2023, shifting the overall earnings profile with strong cash generation from this scalable business with high growth potential.

Empower expects to incur one-time integration costs of approximately US$170 million and deal costs of approximately US$55 million; integration is expected to be completed in 24 months. Subject to regulatory approvals, the transaction is expected to close in the first quarter of 2022.

Empower will acquire Prudential’s full-service retirement business with both a share purchase and a reinsurance transaction. Great-West Life & Annuity Insurance Company will acquire the shares of Prudential Retirement Life and Annuity Insurance Company and business written by The Prudential Insurance Company of America will be reinsured by Great-West Life & Annuity Insurance Company and Great-West Life & Annuity Insurance Company of New York (for New York business).

Conference call details

To join the conference call/audio webcast on Wednesday, July 21 at 9:00 a.m. ET visit greatwestlifeco.com/news-events/events or phone:

  • Toronto area participants: 416-915-3239
  • North American participants: 1-800-319-4610

A replay is available from July 22 to August 22, 2021 by calling 1-855-669-9658 or 1-604-674-8052 (passcode: 7399). An archived webcast is available online.

Legal and financial advisors

Eversheds Sutherland served as legal counsel and Goldman Sachs & Co. LLC and Rockefeller Capital Management served as financial advisors to Empower. Debevoise & Plimpton served as legal counsel and Lazard served as exclusive financial advisor to Prudential.

About Empower Retirement

Headquartered in metro Denver, Empower Retirement administers approximately US$1 trillion in assets for more than 12 million retirement plan participants as of March 31, 20215. It is the nation’s second-largest retirement plan recordkeeper by total participants.6 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, midsize and large corporate 401(k) clients; non-profit 403 (b) entities; Taft-Hartley plans; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower Retirement, is an industry-leading hybrid wealth manager. For more information please visit empower-retirement.comOpens a new website in a new window and connect with us on FacebookOpens a new website in a new window, TwitterOpens a new website in a new window, LinkedInOpens a new website in a new window and InstagramOpens a new website in a new window.

About Prudential

Prudential Financial, Inc., a global financial services leader and premier active global investment manager with more than US$1.5 trillion in assets under management as of March 31, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.comOpens a new website in a new window.

About Great-West Lifeco Inc.

Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the United States and Europe under the brands Canada Life, Empower Retirement, Putnam Investments, and Irish Life.

At the end of 2020, our companies had approximately 24,500 employees, 205,000 advisor relationships, and thousands of distribution partners – all serving our more than 30 million customer relationships across these regions. Great-West Lifeco and its companies have approximately C$2.1 trillion in consolidated assets under administration as of March 31, 2021 and are members of the Power Corporation group of companies. Great-West Lifeco trades on the Toronto (TSX) Stock Exchange under the ticker symbol GWO. To learn more, visit greatwestlifeco.com.

Cautionary note regarding Forward-Looking Information

This release may contain forward-looking information. Forward-looking information includes statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “will”, “may”, "expects", "anticipates", "intends", "plans", "believes", "estimates“, “objective”, “target”, “potential” and other similar expressions or negative versions thereof. These statements include, without limitation, statements about: the U.S. retirement industry; the timing (for completion and integration), cost and expected benefits and performance (including targeted expense and revenue synergies), expected earnings per share (“EPS”) accretion, expected impact on objective or consensus earnings and “run rate” earnings, as well as the timing thereof in each case, of the acquisition of the retirement services business of Prudential and sources, amounts and timing of funding therefor; future expenses and revenues; expected earnings contribution of Prudential and Empower (and expected earnings growth), increased scale and capabilities of Empower, value creation, and other statements concerning Lifeco, Empower’s and the retirement services business of Prudential operations, business, financial condition, expected financial performance, ongoing business strategies or prospects and possible future actions.

Forward-looking statements are based on expectations, forecasts, estimates, predictions, projections and conclusions about future events that were current at the time of the statements and are inherently subject to, among other things, risks, uncertainties and assumptions about Lifeco, economic factors and the financial services industry generally, including the insurance, mutual fund and retirement solutions industries. This information has been provided to the reader to give an indication of Lifeco's current expectations concerning the impact of the retirement services business of Prudential acquisition and such statements may not be suitable for other purposes. They are not guarantees of future performance, and the reader is cautioned that actual events and results could differ materially from those expressed or implied by forward-looking statements. In particular, in calculating the expected earnings per share accretion figures discussed in this release, management has estimated certain after-tax forecast pro forma adjustments to earnings based on the following assumptions: a USD-CAD exchange rate of 1.25; pre-tax expense synergies of US$180 million and pre-tax revenue synergies of US$20 million; incremental financing costs and foregone investment income of C$97 million; and amortization of intangibles. Many of these assumptions are based on factors and events that are not within the control of Lifeco and there is no assurance that they will prove to be correct.

The reader is cautioned that the foregoing list of assumptions and factors is not exhaustive, and there may be other factors listed in filings with securities regulators, including factors set out in Lifeco's management’s discussion and analysis (“MD&A”) for the year ended December 31, 2020 ("2020 Annual MD&A") under "Risk Management and Control Practices“ and "Summary of Critical Accounting Estimates" and in Lifeco's annual information form dated February 10, 2021 under "Risk Factors", which, along with other filings, are available for review at www.sedar.com.Opens a new website in a new window The reader is also cautioned to consider these and other factors, uncertainties and potential events carefully and not to place undue reliance on forward-looking information. Other than as specifically required by applicable law, the Company does not intend to update any forward-looking information whether as a result of new information, future events or otherwise.

Cautionary note regarding Non-IFRS Financial Measures

This release contains some non-IFRS financial measures. Terms by which non-IFRS financial measures are identified include, but are not limited to, “assets under administration”, "base earnings (loss)", "base return on equity (ROE), and "return on equity (ROE)". Non-IFRS financial measures are used to provide management and investors with additional measures of performance to help assess results, where no comparable IFRS measure exists. However, non-IFRS financial measures do not have standard meanings prescribed by IFRS and are not directly comparable to similar measures used by other companies. Refer to the "Non-IFRS Financial Measures" section in Lifeco's 2020 Annual MD&A for the appropriate reconciliations of Lifeco's non-IFRS financial measures to measures prescribed by IFRS, where applicable, as well as additional details on each measure.

1 Assets under administration is a non-IFRS financial measure; see the discussion of this measure in the Company’s 2020 Annual MD&A.

2 Based on unlevered earnings of Prudential’s full-service retirement business (run rate end of 2023) less financing costs and foregone investment income, which is converted to Canadian dollars at an exchange rate of 1.25.

3 Based on (i) Great-West Lifeco’s mid-term financial objectives of 8-10% EPS growth per annum, as noted in Great-West Lifeco's news release dated June 8, 2021, (ii) Institutional Brokers Estimate System (IBES) consensus earnings estimates, and (iii) estimated earnings of Prudential’s retirement services business after fully reflecting synergies and excluding integration costs on a run-rate basis at the end of 2023.

4 As of March 31, 2021. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York and GWFS Equities, Inc. GWLA’s consolidated total assets under administration (AUA) were US$1,065.8B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA’s statutory assets total $74.5B and liabilities total $72.5B. GWLANY statutory assets total US$3.7B and liabilities total US$3.5B.

5 Based on Empower’s contribution as a percentage of Great-West Lifeco’s base earnings in 2020 (excluding corporate earnings). Empower’s base earnings include on a pro-forma basis estimated fully synergized earnings for MassMutual’s acquired retirement business expected for 2022, and Prudential’s estimated fully synergized earnings on a run-rate basis expected by year end 2023.

6 Pensions & Investments2021 Defined Contribution Survey Ranking as of April 2021.

For more information contact:

Great-West Lifeco
Media Relations
Liz Kulyk
204-391-8515
[email protected]

Great-West Lifeco
Investor Relations
Deirdre Neary
647-328-2134
[email protected]

Источник: https://www.greatwestlifeco.com/news-events/news/lifeco-gwo-news-release-july-21-2021.html

TIP #1: Deferred Compensation

As a public employee of the State of Louisiana, you can choose to participate in the Louisiana Public Employees Deferred Compensation Plan.

Administered by Empower Retirement, this 457 Plan allows eligible employees to supplement their existing retirement/pension benefits by saving and investing before-tax dollars through voluntary salary contributions.

View the benefits of enrolling in the Deferred Compensation Plan.

TIP #2: Finding Extra Dollars

If you are finding it hard to start setting aside hard-earned cash for a better retirement, take some simple advice to impact your savings.

View the Save More infographic.

TIP #3: Investing Early Makes All the Difference

Get a head start on retirement by beginning early in your career. See the difference between investing early as opposed to starting later in life by checking out this chart from Empower Retirement.

TIP #4: Check Your Lifetime Income Score

Are you looking for guidance to see if you are on track to reach your retirement income goals?  Check out this powerful tool offered exclusively on the Empower Retirement website to see if you are on the right path to retirement readiness.

Check my Lifetime Income Score.

Источник: https://lasersonline.org/actives/build-your-nest-egg/
Not FDIC Insured

DROP

Active members are eligible to enter the DROP program when the member is eligible for regular retirement.  Eligible members may participate in DROP one (1) time and for up to three (3) years.  During the DROP participation period, employee contributions will no longer be deducted from your paycheck.  

The DROP member will be notified approximately two (2) months before the expiration date of their DROP participation for a decision to be made by the member to retire or continue employment.  If employment is continued, employee contributions will once again be deducted from the member's paycheck and additional service credit will be accrued.  An additional benefit will be calculated at termination of employment.

If the member retires after the DROP participation ends, the monthly retirement benefit will be deposited in the member's bank account on the first business day of each month.

DROP account balances will be sent to the money market account with Empower Retirement at the end of the DROP participation.  Members will be contacted by Empower Retirement to discuss options available.   These options will include keeping the funds in the money market fund or transferring the funds into the self-directed funds.  

Withdrawals from DROP account balances are only allowed after termination of employment.  All DROP distributions are subject to a mandated 20% to the IRS for Federal taxes, but are exempt from Louisiana State tax.

If you have any questions concerning DROP, call our office at 225-925-4810 or 800-820-1137 to speak to a Retirement Benefits Analyst.

Click here to visit the Empower website for more information. 

Источник: https://www.mersla.com/active-members/page/drop

Former Employees

Retired or no longer with Envoy? All the information you need to know is available below.

Empower Retirement 401(k)

Click here to visit the Empower Retirement 401(k) website or call 844-465-4455.

Retiree non-rev Travel

Travel privileges can be found on the Regional Retiree Travel site.

Deals & Discounts

Retirees are also eligible for a wide range of exclusive AAG discounts on travel, hotels, retail and more. Click here to view the AAG Deals & Discounts site.

Moved? Let us know!

Simply send an email to [email protected] with your new address. Remember to include your name, employee number and a scan of government-issued identification or a recent utility bill to verify your new address.

Payroll / Form W-2 Inquiries

Please contact the Payroll Service Center at 1-844-ENVOY-HR (1-844-368-6947), or by email at [email protected]

Former Canada-based employees can access Dayforce to view and download historical pay statements and T4/RL1. Please use the following information to access your account:

  • Company name: americanairlines
  • Userid: (6 digit Employee ID e.g. 123456)
  • Sample Password: (Birth year + Login e.g. 1990Login)

Recently retired? Request an ID

Click here to request your AAG retiree ID.

Pilot Training and Qualification Records

Pilots who require training and qualification documentation may contact [email protected]

Источник: https://www.envoyair.com/former-employees/
empower my retirement phone number
empower my retirement phone number