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myHR: August 1, 2012

Important Changes for Penn’s Retirement Plans

Investing for retirement can be overwhelming, especially when there are so many choices. But it’s important to have the freedom to choose what’s best for your financial goals. That’s why we’re making some changes to our Tax-Deferred Retirement (TDR) and Supplemental Retirement Annuity (SRA) plans this fall—to help you build a portfolio that best meets your needs.

In October 2012, you’ll see the following changes to the TDR and SRA plans:

  • We’re organizing Penn’s investment fund lineup into four investment tiers to help you more easily meet your retirement goals.

  • We’re reducing the number of Vanguard investment funds offered directly through the TDR and SRA plans. The streamlined fund lineup was carefully selected to continue to provide a diverse mix of options while making it simpler for you to make investment choices. You’ll still have access to the closed funds through the Vanguard brokerage option (#4 below).

  • We’re adding three new funds to the TIAA-CREF investment fund lineup in order to more closely align the fund options for TIAA-CREF and Vanguard.

  • We’re introducing a brokerage option for both TIAA-CREF and Vanguard. This gives more experienced investors access to hundreds of additional investment funds, including those Vanguard funds that are being removed from Penn’s direct investment lineup.

Keep in mind these changes will only affect your investment fund choices—not the design of our retirement plans. Penn will continue to contribute the same amount to your TDR plan (if you’re eligible for contributions).

And you don’t have to do anything unless you’re invested in one of these Vanguard funds.

For complete details on our upcoming retirement plan changes, click here. You can also visit TIAA-CREF and Vanguard online for more information, or make an appointment for free one-on-one retirement counseling to talk about what choices might be right for you.


Face Life’s Challenges with Ease

When you have challenges in your life, do you know how to learn from them and come out stronger? We can show you how to take control when faced with hard times. Being resilient is the key to dealing with difficulties and avoiding a burnout spiral.

Join us on Wednesday, August 15 to learn how to beat burnout and keep yourself productive and healthy. You’ll learn how to bounce back from adversity and be resilient even under the most demanding circumstances. Get insight into what can cause burnout, how to recognize the warning signs, and how to fight back.

By the end of this workshop, you’ll have the keys to Avoiding Burnout and Building Resilience. Click here for complete details and to register.


Learn the Essentials of Management

Being a good manager means more than just having technical skills or institutional knowledge. Those things may have helped you rise through the ranks, but they don’t always prepare you for success as a manager.

That’s why we offer Essentials of Management, a training program especially for Penn managers. Over a five month period, you’ll attend 10 training sessions, participate in a 360-degree feedback process, meet with a professional performance coach, and have the opportunity to network with other managers from all over Penn’s campus.

You’ll learn about general management practices and how you can apply them in your role. Experts will show you how to communicate effectively with your staff and your boss, and how to successfully resolve conflict. You’ll also get tips for conducting interviews, providing constructive performance feedback, and motivating your staff.

Throughout the process, you’ll gain insights into your personal communication and management styles that will help you grow in your career. And you’ll work closely with other Penn managers, benefiting from their experiences and perspectives.

Take the next step to success! The fall 2012 cohort of Essentials of Management starts September 19. Click here for complete details and to register.


Follow Us to Professional Growth

Take an active role in your professional development! No matter where you are in your career, there’s always room to improve. And we have a Twitter page dedicated to helping you do just that.

The Penn HR—Learn & Grow Twitter page gives you resources and tips to help you learn and grow professionally. You’ll hear about upcoming programs, career resources, leadership advice, productivity tips, and more.

Twitter’s 140-character limit means you don’t have to invest a lot of time. We post bite-sized chunks of information that you can quickly scan. And if the topic interests you, there’s usually a link that’ll take you to more information.

If you’re not following us on Twitter yet, take a look at what you’re missing. Some of our recent posts are highlighted below.

If you already have a Twitter account, just click the “follow” button on our page. If you don't have an account, it's free and takes less than a minute to sign up on Twitter's website.