Human Resource Services (HRS) has received several inquiries related to the status of the American International Group (AIG) and the Variable Annuity Life Insurance Company (VALIC), prompted by recent and current media coverage concerning AIG's financial status.  Northern Illinois University has been in communication with AIG Retirement regarding the media reports and participant inquiries. The following links contain copies of recent correspondence issued by AIG Retirement regarding the status of their company:

www.hr.niu.edu/GO/TalkPoints/index.cfm

www.hr.niu.edu/GO/RetLetter/index.cfm  

The situation is complicated by extensive hurricane damage to the AIG communication headquarters in Houston, Texas which has interrupted normal service operations.   Accordingly AIG asked that we assist by sharing this information with VALIC participants and to specifically refer participants to the “Asset Safeguards” section concerning Fixed Annuities and Variable Assets in the AIG correspondence issued yesterday and titled “Talking Points.”

For additional information and individual account counseling, please feel free to contact the AIG Senior Financial Advisor, Jock Cameron at:

Phone: 847-778-0222

e-mail: jock.cameron@aigretirement.com

Mr. Cameron has indicated that he will respond to your inquiry in the order received and as timely as possible.

You can also contact AIG Retirement at their corporate headquarters in Houston, Texas at 800-448-2542.