The FCMM Board of Trustees has set the new earnings rate for the Lifetime Fund (Option C) at 4% starting January 1, 2020.
Option C is a collective investment fund that aims to provide steady long-term earnings to the member. For more information and details, see Understanding Option C: The Steady Approach.
Since inception in 2004, Option C has returned between 3% and 6% each year and is fully funded. The rate in 2019 was 3.5%, 4% in 2018, and 3% in 2017.
For more complete descriptions of these and other Options, see Retirement Plan Investment Options.