Also, you will be able to invest any balance remaining in your Retirement Plan account after you have purchased your annuity at retirement. For those members who prefer to have MMBB select their investments, it is important to note that you do not have to use Personal Investment Choices.
PICs are for members who wish to have more investment choices.
If you are not interested in directing the investment of any portion of your accounts or if you want MMBB to continue investing your Retirement Plan, TAS and DECA accounts, you do not need to do anything. No action is required. Your accounts will be fully invested in the Balanced Fund. With PICs come personal responsibility. MMBB is prohibited by law from giving investment advice to members.