Thu. 13 Jun 2024, 6:31am ET
Benzinga
News, Asset Sales
This represents approximately 60% of ERIP retiree participants. The contract was purchased using assets from 3M's ERIP trust and no additional funding contribution was required as part of this transaction.
On October 1, 2024, Met Tower Life will begin paying and administering the retirement benefits of the retirees and beneficiaries included in this annuity transfer.