Friday, January 20, 2006
MetLife Chosen as Annuity Provider for Federal Employees
The Federal Retirement Thrift Investment Board has tapped Metropolitan Life Insurance Co. to provide annuities to more than 3 million federal employees through the federal Thrift Savings Plan program.
The board selected MetLife (NYSE:MET), the plan's current annuity provider, through a competitive bidding process initiated in September 2005. Further details of the agreement are expected to be made available once the board formalizes a master annuity agreement with the company over the next few weeks, the board said. MetLife's current agreement with the board ends Jan. 31.
MetLife Chosen as Annuity Provider for Federal Employees
Source: A.M. Best (subscription required)
The board selected MetLife (NYSE:MET), the plan's current annuity provider, through a competitive bidding process initiated in September 2005. Further details of the agreement are expected to be made available once the board formalizes a master annuity agreement with the company over the next few weeks, the board said. MetLife's current agreement with the board ends Jan. 31.
MetLife Chosen as Annuity Provider for Federal Employees
Source: A.M. Best (subscription required)
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