VALIC, a retirement plan provider for healthcare, K-12, higher education, government, religious, charitable, and other not-for-profit organizations, will now be known as AIG Retirement Services.

“The name change to AIG Retirement Services allows us to fully leverage the strength, scale, and brand of our parent company, AIG, a Fortune Global 500 leader with deep experience in retirement and financial services that is celebrating 100 years of serving customers,” said Rob Scheinerman, the president of AIG Retirement Services. “While our name is changing, the goal that has defined our business since writing the first 403(b) plan for a public school remains the same – to help those who serve others plan for and achieve the financial futures they desire.

“AIG Retirement Services has focused on helping our customers achieve retirement readiness for more than 60 years,” continued Mr. Scheinerman. “We're excited to build upon our legacy and help plan sponsors envision more for their plans and their employees' futures. Through our powerful technology paired with more than 1,250 trusted advisors, smart use of data to enhance plan health, and a more personal experience, we help sponsors optimize their plans and improve retirement outcomes for employees.”