Media Contact:

Retirement
Josh Stoffregen / 973-802-3996 / josh.stoffregen@prudential.com

August 15, 2018

Prudential Retirement is Rockland County’s new deferred compensation plan provider, to oversee $313 million in new retirement assets

NEWARK, N.J., August 15, 2018 - Deferred Compensation Plan officials for Rockland County, New York, have selected Prudential Retirement as their new record keeper. Prudential Retirement, among the industry’s largest recordkeepers and a leading provider of retirement solutions, is a business unit of Prudential Financial, Inc. (NYSE:PRU).

August 08, 2018

Prudential, Aviva reach first longevity reinsurance agreement as U.K. pension de-risking market surges

NEWARK, N.J., August 08, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), and Aviva Life and Pensions U.K. Ltd. have struck their first longevity reinsurance transaction, establishing a new reinsurance partnership between these two market leaders.

July 26, 2018

Prudential and Raytheon reach agreement on $923 million pension risk transfer

NEWARK, N.J., July 26, 2018 - Raytheon (NYSE: RTN) will reduce its pension obligations by $923 million by purchasing a group annuity contract from The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc. (NYSE: PRU). The agreement transfers the responsibility for paying certain pension benefits to approximately 13,000 U.S. retirees, as well as their beneficiaries, from Raytheon’s previously discontinued operations.

July 24, 2018

Emergency savings feature can help plan sponsors increase employees’ financial wellness, Prudential says

NEWARK, N.J., July 24, 2018 - Most Americans don’t have enough savings to cover unexpected expenses, tempting many to make the costly mistake of raiding their workplace retirement savings plans. Using after-tax contributions to an existing retirement plan to build savings that can be accessed to cover emergencies could help, according to Prudential Financial, Inc. (NYSE: PRU).

July 10, 2018

Working in retirement may be the new norm according to PGIM Investments study

NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.

June 18, 2018

Divorce compounds retirement risk

NEWARK, N.J., June 18, 2018 - Divorced Americans are at greater risk of not being able to maintain their standard of living in retirement, according to new research conducted by the Center for Retirement Research at Boston College with the support of Prudential Financial, Inc. (NYSE: PRU).

May 09, 2018

Hawaii renews agreement with Prudential Retirement to manage $2.4 billion plan

NEWARK, N.J., May 09, 2018 - State of Hawaii officials informed Prudential Retirement that Hawaii has renewed its contract with Prudential to oversee its State of Hawaii Deferred Compensation Plan (a.k.a., The Island $avings Plan) totaling nearly $2.4 billion in retirement assets. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE:PRU).

May 09, 2018

Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking

NEWARK, N.J., May 09, 2018 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE: PRU), and Pension Insurance Corporation plc (PIC), have struck their sixth longevity reinsurance transaction since 2015. The Prudential Insurance Company of America (PICA) assumes the longevity risk for £900 million (about $1.2 billion) in pension liabilities, representing approximately 7,500 pensioners across two pension schemes.

May 07, 2018

Financial wellness program popularity rises among employers, up 63 percentage points in two years

Growing awareness of how financial wellness programs benefit employees has driven rapid growth in plan adoption among employers. Now, they say big data could help measure results, customize programs and fill remaining gaps, according to a survey from Prudential’s Workplace Solutions Group, a business unit of Prudential Financial, Inc. (NYSE: PRU).

April 17, 2018

Jersey City renews $208 million government plan with Prudential Retirement

NEWARK, N.J., April 17, 2018 - Jersey City, the second-most-populous city in the U.S. state of New Jersey, will continue to utilize Prudential Retirement as the recordkeeper for its $208 million governmental retirement plan. Prudential Retirement, among the industry’s largest recordkeepers, is a business unit of Prudential Financial, Inc. (NYSE:PRU).