MetLife (MET) Unit to Manage 3M's $2.5B Pension Obligations [Yahoo! Finance]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
As a result, the MetLife subsidiary will assume defined benefit pension obligations of around $2.5 billion and deliver annuity benefits to roughly 23,000 retirees and beneficiaries of the 3M Employee Retirement Income Plan. A group annuity contract was bought from Metropolitan Tower Life this month. However, the monthly pension benefits received by retirees, their spouses and beneficiaries under 3M's U.S. defined benefit pension plan will not undergo any alteration as a result of the latest agreement. Only the monthly payment responsibilities will shift from the 3M's defined benefit plan to the MetLife unit, which will commence paying and administering the retirement benefits of the abovementioned 23,000 retirees and beneficiaries from the very beginning of October 2024. The latest move reinforces MetLife's well-established risk management capabilities on the back of which it continues to get selected by companies to offer a regular stream of lifetime income to retirees, their s
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MET
News
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its StakeholdersBusiness Wire
- MetLife Worldwide Benefits and GeoBlue® to Offer Joint Solution [Yahoo! Finance]Yahoo! Finance
- MetLife Worldwide Benefits and GeoBlue® to Offer Joint SolutionBusiness Wire
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its Stakeholders [Yahoo! Finance]Yahoo! Finance
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its StakeholdersBusiness Wire
MET
Earnings
- 5/1/24 - In-Line
MET
Sec Filings
- 6/24/24 - Form 8-K
- 6/21/24 - Form 144
- 6/21/24 - Form 144
- MET's page on the SEC website