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Article: USOC's pension plan remains solid/ Switch not meant to punish sponsor
- Article from:
- The Gazette
- Article date:
- March 1, 2003
- Author:
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Copyright informationCopyright 2003 The Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Media reports in recent days have raised questions about the U.S.
Olympic Committee's employee retirement plan. Spokesman Darryl Seibel
tried Friday to allay any potential employee concerns about Delaware
Investments, the carrier of the USOC's plan.
"Our employees will have access to world-class funds through
Delaware Investments," Seibel said. "This is a company that was
established in 1929. This is a company that in 2002 had more than $80
billion in assets under management including more than $15 billion in
retirement assets."
The USOC chose Delaware Investments after withdrawing from an
agreement with Expertplan. Seibel said the USOC withdrew because it
was notified that the John Hancock ...