Human Resources & Workforce Diversity
Three complications . . .
Act 11 makes important changes to the Fixed Fund that will impact your account:
1. If you were restricted to a guaranteed 5% interest rate, you will now receive the actual Fixed earnings rate
2. Accumulated gains to the Fixed Fund as of 1999 will be paid out to Fixed accounts over five years (2000-2004). During these years, the Fixed return is expected to be 2% to 4% higher than normal.
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