Testimony: 2013 ERISA Advisory Council Hearing - Private Sector Pension Plan De-risking and Participant Protections

MetLife Written Testimony to the ERISA Advisory Council

Good day, members of the Council. My name is Naomi Zwerling. I am a Vice President in Corporate Benefit Funding at MetLife, our Americas Business area responsible for, among other things, group annuity based solutions for both funding and de-risking defined benefit (DB) plans. I am here today to testify on behalf of my company. MetLife is a leading provider of employee benefits and has been committed to the retirement business for over 90 years, issuing the industry’s first group annuity contract to fund a defined benefit plan in 1921. Today, MetLife guarantees income payments to more than 1 million plan participants, most through group annuity contacts issued in connection with DB plans. 

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