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

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

(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)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: May 09, 2018 03:06 AM

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