How good is the Guaranteed Investment guarantee?

Last updated: 3/17/2010 1:39:47 PM

The funds in the WEA TSA Trust Program and WEAC IRA Guaranteed Investment are held by Prudential Retirement Insurance and Annuity Company.

The guaranteed fund invests in a broadly diversified fixed income portfolio, designed to provide safety and an attractive rate of return.

The guarantee is on the participant’s principal and net credited interest. In other words, you will never receive less than what you have contributed and the interest credited on those contributions.

While there is no insurance like FDIC that covers your bank deposits, our promise is supported and backed by the strength and stability of Prudential Financial. Prudential is required to hold reserves equal to the assets in the Guaranteed Investment to ensure the safety of participant assets.

Prudential Retirement Insurance and Annuity Company has received financial strength rating of AA- (Very Strong) by Standard & Poor’s and Aa3 (Excellent) by Moody’s as of December 31, 2008.

All retirement articles» All insurance articles»