How secure are my investments in the Deferred Compensation Program’s Savings Pool?
A. The DCP Savings Pool is comprised of Guaranteed Investment Contracts (GICs) which are a fixed rate, fixed maturity contract always valued at par. GICs are issued by insurance companies with a financial strength rating of Aa3 or better when the investment is made. The GICs in the Savings Pool are with the following insurance companies: Genworth Life and Annuity Assurance Company Hartford Life Insurance Company ING USA Annuity & Life Insurance Company John Hancock Life Insurance Company Metropolitan Life Insurance Company Monumental Life (subsidiary of Aegon) New York Life Insurance Company Pacific Life Insurance Company Protective Life Insurance Prudential Insurance Company of America Security Life of Denver (subsidiary of ING) Travelers Life and Annuity Company (subsidiary of Met Life) Recently, some of the companies were downgraded to A1 including Genworth, Hartford, and Protective. We do not place additional funds with companies that do not hold the Aa3 rating. These companies are
