1. MassMutual sale of retirement business impacts 2,000 workers, mostly in Enfield

    MassMutual sale of retirement business impacts 2,000 workers, mostly in Enfield

    MassMutual’s decision to sell its retirement plan business will impact 2,000 employees, most of them working at MassMutual’s offices in Enfield, Connecticut, the company said. The Springfield-based insurance giant and Colorado-based Empower Retirement announced Tuesday that Empower has agreed to buy MassMutual’s retirement business for $3.35 billion.

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  2. Quotes

    1. In Empower, we are pleased to have found a strong, long-term home for MassMutual's retirement plan business, and believe this transaction will greatly benefit our policyowners and customers as we invest in our future growth and accelerate progress on our strategy.
    2. Reduce IT cost and reduce people who support the unit and whatever else is involved.
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