Home / Business / Metlife says it failed to pay some pensions, flags hit to reserves

Metlife says it failed to pay some pensions, flags hit to reserves

NEW YORK (Reuters) – Metlife Inc failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them, the New York insurer said. Metlife said in a filing on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive benefits from the company via its retirement business. Those affected generally have average benefits of le


About admin

Check Also

GDPR 2018 – Introducing anonymo™ by SandSIV, an Innovative Anonymization Tool for Data Processing

Large organizations no longer have to worry about GDPR compliance with the addition of anonymo™, ...

Leave a Reply

Your email address will not be published. Required fields are marked *