MetLife Renewed as Annuity Provider for the Thrift Savings Plan
January 31 2020 - 12:42PM
Business Wire
~ MetLife Has Served as Sole Provider for More
Than Three Decades ~
Metropolitan Life Insurance Company (“MetLife”), a leading
provider of income annuities to defined contribution (DC) plans,
announced that it has been selected by the Federal Retirement
Thrift Investment Board to continue to serve as the exclusive
annuity provider for the Thrift Savings Plan (TSP), covering more
than five million federal employees. MetLife has been the sole
annuity provider for the TSP since the plan’s inception in
1986.
“MetLife is committed to helping all employees have access to
guaranteed income for life. We are pleased to continue our
longstanding relationship with the Thrift Savings Plan,” said
Michel Khalaf, president and CEO of MetLife, Inc. “Income annuities
offer financial certainty in retirement. By providing these
solutions to federal employees, the Federal Retirement Thrift
Investment Board is creating a solid foundation for its
participants’ retirement.”
In addition to being the first and only annuity provider for the
TSP, MetLife has been a leader in offering guaranteed income
solutions to defined contribution plan sponsors for more than 40
years. MetLife’s expertise and experience has helped institutional
plan sponsors create retirement income solutions that best meet
their needs and the needs of their employees.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates, is one of the world's leading financial services
companies, providing insurance, annuities, employee benefits and
asset management to help its individual and institutional customers
navigate their changing world. Founded in 1868, MetLife, Inc. has
operations in more than 40 markets globally and holds leading
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200131005483/en/
Judi Mahaney 212-578-7977 jmahaney@metlife.com
MetLife (NYSE:MET)
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