A member may choose to deposit 50% of his or her contributions into the Variable Trust Fund. The Variable Fund is an all-stocks fund. Participants in this fund are exposed to a higher degree of risk (because of possible losses from unfavorable stock market performance), in exchange for the possibility of greater returns over the life of the investment in the fund. The variable fund is not smoothed like the core fund; therefore, the full rate of return is applied each year.

See the Variable Fund page for more information.