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What is the new Guaranteed Fund Rate?
Members who invest Annuity Savings Account (ASA) funds in the Guaranteed Fund will earn an annual return of 0.66 percent beginning July 1, 2016.
When is the new Guaranteed Fund Rate effective?
The new rate is effective July 1, 2016.
Who sets the Guaranteed Fund Rate?
The rate is set annually by the Indiana Public Retirement System (INPRS) Board of Trustees.
What is the Guaranteed Fund?
The Guaranteed Fund is an investment option that will not lose value, with a return that is as good as or better than members could find in a similar investment product elsewhere.
Is the Guaranteed Fund rate market competitive?
Currently, the national average Money Market rate is 0.11 percent1, the typical one-year bank CD rate is 0.29 percent1, and one-year U.S. Treasury Bill rates are at 0.59 percent1. Two-year U.S. Treasury Notes are at 0.77 percent1.
What other investment options are available to me?
The Guaranteed Fund is included in a lineup of investment funds that provide members greater control in saving for their retirement futures. Members may select from investment options including:
1Source: Bankrate.com, 6/9/2016