In what way are assets in the stable value option protected?
By law, the assets in the separate account can only be used to satisfy obligations to Kansas Public Employees Deferred Compensation Plan participants invested in the stable value option. And if you are in the stable value option, ING ’s contract with the State guarantees that your principal and credited interest will be available for transfers to other investment options or when you elect to receive payment of your Plan benefits. In addition, changes under the new contract with ING make the Plan’s stable value investments much more “transparent,” which means that it is much easier to identify the Plan’s stable value assets. Since the new contract with ING began in December 2007, the assets of the stable value option have been held in an ING “separate account” – an account just for the participants in the Kansas Public Employees Deferred Compensation Plan, and not a general account of ING. As a result, there would not be a need to distinguish the assets of the Plan’s participants from a
