Originally Posted by
Noworkallplay
Easy. Its funded by the delta between no market gains and the hurdle rate. So if the hurdle rate is 4% any account gains from 0-4% go into the floor reserve account. Any gains above 4% goes into growth within the account. I also remember something being said about an additional contribution from the company the first 2 years to establish and fortify the floor fund. Done Its all been talked about in the material the last 5 years.
https://youtu.be/0CWfPUrmeiU
Obviously - you're not a golfer... The explanation is wrong.
If you have forgotten about the FCIF 20-0563 question - just highlight what that refers to and/or rewatch the plethora of videos on our union site for a clearer explanation... unless of course you can't do either...which might explain the complete botching of the concept above.