Security of retirement funds invested through VALIC
Updated September 16, 2008
VALIC's parent company is AIG
With the recent news regarding American International Group, Inc.'s financial pressures, Colorado State University faculty and staff may have some concerns about the security of retirement funds invested through VALIC, whose parent company is AIG.
Defined Contribution Plan option, 403(b) vendor
While CSU is not legally able to offer personal financial advice and can make no representations as to the financial status of AIG or its subsidiaries, VALIC is one of the options offered through CSU's Defined Contribution Plan and one of the authorized vendors under the University's 403(b) voluntary tax deferred annuity plan -- and was selected based on its ability to meet the needs of faculty and staff who select VALIC under either of these programs.
Info provided by AIG
AIG has provided the following information on VALIC asset safeguards to clients with questions or concerns, and at this point this is the best information we have on this matter. We encourage you to contact your VALIC representative if you would like additional information.
Read more by visiting:
- http://www.today.colostate.edu/files/pdf/valic-sept08.pdf
- http://www.today.colostate.edu/files/pdf/valic-sept08-final.pdf.
Contact: Cara Neth
Email: Cara.Neth@colostate.edu
Phone Number: (970) 491-6211
