My state government employer offers a guaranteed cash balance fund of 5% ....
Members who participate in
Cash Balance do not make investment
choices
for either member or employer contributions. The rate of return for
Cash Balance accounts is not tied to investment performance. Cash Balance
participants are guaranteed a rate of return (“Interest Credit Rate”) on their
accounts based on the federal mid-term rate plus 1.5%. When the federal
mid-term rate falls below 3.5%, members receive a 5% minimum credit rate.....It also can provide for dividends based on performance, 2017 dividend yield is 5.46%. I am 63 and can keep this fund until I am 70.
I would like to included this fund amount in portfolio asset allocation tools, Flexible Retirement Planner, Portfolio Visualizer, etc. It is 20% of our nest egg. What do I call it?