Metlife to provide annuity benefits to a portion of 3m retirees and beneficiaries

New york--(business wire)-- #prt--metlife, inc. (metlife) announced today that its subsidiary, metropolitan tower life insurance company, has entered into an agreement with 3m to provide annuity benefits to approximately 23,000 retirees and beneficiaries in the 3m employee retirement income plan (plan), the company's u.s. defined benefit (db) pension plan, representing pension obligations of approximately $2.5 billion. “metlife is pleased we were entrusted to provide guaranteed lifetime income to 3m r.
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