Search
 
News

MetLife's Failure to Pay Workers' Pensions Is Under Scrutiny

Insurer disclosed in filing that it failed to pay monthly pension benefits to some retirees.

By Emily Zulz, ThinkAdvisor | Updated on December 19, 2017

Massachusetts securities regulators have begun an investigation into MetLife’s failure to pay thousands of workers’ pensions.

In a filing made Dec. 15 Friday, MetLife disclosed that it failed to pay monthly pension benefits to workers within its retirement business unit. MetLife reported that it is in the process of trying to locate pensioners to whom it has failed to pay monthly pensions. MetLife states in its filing those pensioners “have moved jobs, relocated, or otherwise can no longer be reached.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.