to those participants currently invested in the Separate Account, they will be advised to contact professional advisors familiar with both investments and retirement planning to review their personal investment options to make their own decisions to continue to invest or move their investments out of the Separate Account.

RECOMMENDATION: It is hereby recommended that the Sarasota Manatee Airport Authority approve to continue to invest and offer the Separate Account in the Authority's three retirement plans.

Attachments: Copy of Notice from Principal and Frequently Asked Questions regarding the Principal U.S. Property Separate Account structure changes.

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