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When an investment option is discontinued, a 90-day closure window is usually established. All participants are notified of discontinued options and the closure window. This allows participants to personally move any money in the discontinued option to other desired options. Money left in a discontinued option, at the end of the closure window, is auto- matically trans- ferred to a simi- lar option. For example, money left in a closed large cap value fund will be transferred to the new large ca...p value fund. This process allows participants' investment strategy to continue even when option changes occur.H "Even though the returns are good, the review may result in the discontinuation of an investment option." EIAC Representative Sought The Montana Public Employ- ees' Retirement Board (the Board) is searching for a local government (city, county, water district, etc.) representative for its Employee Investment Advi- sory Council (EIAC). The EIAC is a 13 member advi- sory council established under section 19-3-2122, MCA.
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