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State of Tennessee Optional Retirement Plan

Presented by ING

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ING’s Benefits to You

Safety of principal from a Stable Value Option Mutual Funds from well known Companies Local representatives on each campus available to you Diverse options for your annuity when you leave State employment

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Stable Value Option

• One of several investment options available for all or part of your ING ORP account • Transparent cost structure • Quarterly declared rate • Return of principal guarantee*

Subject to the claims paying ability of ING Life Insurance and Annuity Company.

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Other ING ORP Plan Investments

mutual funds offered through custodial account.

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Competitive Investment Options and Costs for Your Plan

Information: When, where, and how you want it

The choice is up to you!

In-Person Online ING Participant Contact Center Print

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Customized Retirement Strategy

Educator’s Financial Analysis

ING’s Credentialed Professionals helping you with a personalized benefits illustration at your desk

TN retirement plans and other savings Social Security (if applicable) Your TN ORP

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Your ING Annuity Option When Leaving State Employment

• ING Single Premium Immediate Annuity, a combination fixed / variable annuity • Reduced costs versus previous option; .95% M&E annually • Guaranteed options and other investment options available during payout • Diversify your account according to your strategy • Pick one or many options • Available to all employees, regardless of selected Company • Requires account transfer to ING prior to separation • Illustrations provided prior to selection • ING representative guidance always available!

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ING Around the Globe

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# 8 in the Global Fortune 500 Magazine ranking 1 # 6 Insurance company in the world 2 Over $1 trillion in assets 3 Over 85 million customers Presence in more than 40 countries

Do not put content on the brand ¹Fortune 500 Companies Ranking, June 2009 ²Datamonitor, 2009 3 Indicates our core underlying business volume, both on- and off-balance sheet and includes client assets and liabilities on which we generate a spread or a fee (ING Statistical Supplement – Q2 2009)

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ING and the State of Tennessee ORP

Safety of principal and from a Stable Value Option Mutual Funds from well known and respected Companies Local representatives on each campus available to you Diverse options for your annuity when you leave State employment

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Important Information: Variable annuities, and mutual funds under a custodial account agreement, are intended as long-term investments designed for retirement purposes. Investments are not guaranteed and are subject to investment risk including the possible loss of principal. Account values fluctuate with market conditions, and when surrendered, the principal may be worth more or less than the original amount invested. A group fixed annuity is an insurance contract designed for investing for retirement purposes. The guarantee of the fixed account is based on the claims-paying ability of the issuing insurance company. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation. For 403(b) plans, early withdrawals, if taken prior to age 59 12, may be subject to the IRS 10% premature distribution penalty tax. Money taken from the plan will be taxed as ordinary income in the year the money is distributed. An annuity does not provide any additional tax benefit, as tax deferral is provided by the Plan. Annuities may be subject to additional fees and expenses, to which other tax deferred funding vehicles may not be subject. However, an annuity does offer other features and benefits, such as lifetime income payments and death benefits, which may be valuable to you.

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You should consider the investment objectives, risks, and charges and expenses of the variable product and its underlying fund options; or mutual funds offered through a retirement plan, carefully before investing. The prospectuses/prospectus summaries/information booklets containing this and other information, can be obtained by contacting your local representative. Please read the information carefully before investing.

Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) ING Life Insurance and Annuity Company. Securities are distributed by ING Financial Advisers, LLC (member SIPC), One Orange Way, Windsor, CT, 06095-4774. Annuities may also be issued by ReliaStar Life Insurance Company, Minneapolis, MN. Variable annuities issued by ReliaStar Life Insurance Company are distributed by ING Financial Advisers, LLC. Only ING Life Insurance and Annuity Company is admitted and issues products in the state of New York. All companies are members of the ING family of companies. Securities may also be distributed through other broker-dealers with which ING Financial Advisers, LLC has selling agreements. Insurance obligations are the sole responsibility of each issuing company. Products and services may not be available in all states. C10-0315-011R (03/10) 11