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The Group Annuity Fund is managed by Beneficial
Life Insurance Co. as a group annuity contract. The principal
and a 5% minimum rate of return are guaranteed by the insurance
company. The rate of return is determined by the earnings of Beneficial
Life's general fund. Assets in this fund are invested in government
and corporate bonds, mortgages, and money market securities.
Note -- This fund is closed to new contributions.
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