MetLife Comment Letter in response to the ERISA Advisory Council's Model Notices and Disclosures for Pension Risk Transfers
Good afternoon, members of the Council. My name is Roberta Rafaloff. I am a vice president in Corporate Benefit Funding at MetLife, our business area responsible for, among other things, group annuity based solutions for both funding and de-risking defined benefit (DB) plans in the Americas. 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. With $38 billion in transferred DB liabilities, MetLife is one of the leading providers of pension risk transfer solutions.
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