In a continual effort to assist you in meeting your retirement goals, CRA will be adjusting the allocations of the investment options within the custom target date portfolios.

As part of the ongoing process of evaluating and monitoring the target date portfolios, Colorado Retirement Association, with the recommendation of their investment consultant, Innovest Portfolio Solutions, will be making slight changes to the allocations of the investment options within each of the target date portfolios, effective April 14, 2023. 

The asset allocation for each target date portfolio is based on an average retirement age of 65 and average life expectancy of age 90. The portfolios are allocated for the average investor to utilize during their working years and into retirement. Every portfolio contains a mix of distinct types of mutual funds (i.e. stocks, and bonds, domestic and international, value and growth), which automatically become more conservative as the investors age. The allocations below are part of the automatic process to adjust risk as the stated targeted retirement date draws nearer.

What should you do?

• No action is required.
• On April 14, 2023, when the target date portfolios are reallocated, your current balance in your target date will be allocated to the new asset mix and future contributions will be directed into the new asset mix.
• You may contact Empower Retirement at any time at 800-352-0313 or online at www.cra-online.org to check your account balance or redirect your current account balances and future contributions into any of the investment options available within the Plan.