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New Options for Boeing Members with V.I.P.
Machinists Union members working at Boeing received an information packet in March 
concerning enhancements to their Voluntary Investment Plan (VIP). The packet announced several changes to the VIP. Here are the main information points from the packet:
Option for Automatic Rebalancing – You now have the option to have your account portfolio automatically rebalanced on a monthly or quarterly basis to maintain the investment allocation, goals and risk tolerances you have chosen. You can elect automatic account rebalancing by accessing the Manage Investments section under My Account on Boeing Savings Plan Online or by calling the Boeing Savings Service Center through Boeing TotalAccess.
• New investment fund lineup – Several changes have been made to the VIP investment fund lineup. Three new actively managed funds were added to the fund lineup, and five current actively managed funds merged into two new actively managed funds.
If you are invested in any of the funds that are merging, look over the information provided to you in March and decide whether you want to make any changes. Your assets will transfer automatically to the new merged funds after 1 p.m. Pacific time on Thursday, April 1. You can also find this information in the Forms section of your VIP account at Boeing Savings Plans Online.
If you are comfortable with the transfers into a merged fund, no action is required on your part.
If you do not want your assets transferred into a merged fund, you need to transfer your money out of the funds being merged and into one or more of the other fund options before 1 p.m. Pacific time, April 1.
• Free on-line retirement planning Seminars – The two seminars released last summer to help plan for retirement continue to be available on demand from the Boeing Education Network (BEN).
Plan Well (for those farther from retirement)
Retire Well (for those close to retirement).
You can find these through the Well Being Online Resource center or within TotalAccess.
Finally, be sure you don’t leave money on the table. Make sure your VIP savings gets the maximum company matching funds. VIP is part of your nest egg for retirement. Take full advantage of all the benefits available to ensure a secure financial retirement future. If you are not contributing at least 8 percent on a pretax or aftertax basis, consider increasing your savings to get the full company match.
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