May 8, 2018 / 8:44 PM / 17 days ago

MetLife to provide pension benefits to 41,000 FedEx retirees through annuity

May 8 (Reuters) - MetLife Inc has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp retirees and beneficiaries, through a group annuity, the insurer said on Tuesday.

The FedEx group annuity deal, which MetLife expects will close on May 10, includes about $6 billion in pension obligations, the insurer said. (Reporting by Suzanne Barlyn; Editing by Lisa Shumaker)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below