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Welcome to Prudential!
Your benefit payment with Verizon is transitioning to Prudential.
This means that your benefit payment is secured through Prudential and RGA*, and administered by Prudential. We’re honored to be selected to keep the promise of your pension benefits. We take this promise seriously.
What you need to do: Nothing!
Rest assured that your benefit payments will seamlessly continue. There’s nothing for you to do now. We’ll reach out to you with more information as we get closer to the transition.
We're glad you're here and are looking forward to being your Rock in retirement because protecting your retirement matters.
– Dylan Tyson, President, Retirement Strategies, Prudential
We’re looking forward to serving you.
View Transcript
Discover more about us
Who’s Your Rock?
*For most annuitants, the guarantee of their monthly benefits will be evenly split between Prudential and RGA, with each insurer responsible for 50% of the total benefit amount. However, if you reside in CT, ME, NH, NY, or any U.S. territories at the time the group annuity contracts were issued or the time the Annuity Certificates are issued, you will be 100% guaranteed by Prudential.
A guide to your retirement benefits.
We look forward to serving you throughout your retirement.
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Prudential is the Rock you can rely on. We’ve been in the pension business for nearly 100 years, beginning with our first pension transaction back in 1928.
SINCE
1928
Prudential
When your benefit payments from us begin, they’ll be backed by strength and experience you can depend on.
Prudential and RGA are highly rated, experienced insurers.
manager of U.S. pension buy-outs2
#
1
largest
annuitants have transitioned to Prudential Retirement since 20113
million
2
View Prudential’s financial ratings
Prudential Retirement Strategies, as of 12/31/23.
Find out what’s coming
Watch your mailbox—we’re going to send you some things.
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What happens next
Meet your insurers
Welcome
Learn about Prudential
Learn about RGA
View RGA’s financial ratings
RGA's purpose is to make financial protection accessible to all. RGA is a leading global life reinsurer and trusted partner.
RGA
1 RGA, as of December 31, 2022.
2 RGA, as of September 30, 2023.
annuitants2
million
1.9
global life and health reinsurer
by revenue1
largest
1
#
insured lives2
30
OVER
the largest global life and health reinsurer by revenue. see footnote
one point nine million annuitants see footnote
million
Over thirty million insured lives. see footnote
We have been helping retirees get the
retirement security they earned1
1
LIMRA Group Annuity Risk Transfer Survey, 3Q 2023.
2
Prudential Retirement Strategies, as of 12/31/23 (includes domestic and international risk transfer businesses).
3
Please note, if you reside in CT, ME, NH, NY, or any U.S. territories at the time the group annuity contracts were issued or at the time the Annuity Certificates are issued, you will be 100% guaranteed by Prudential. This means you will receive a single Annuity Certificate issued by Prudential, reflecting 100% of the annuitant's total benefit amount.
What happens next:
It's all on us.
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Get answers
You’ve got questions.
Here's a timeline of next steps:
June 2024
You’ll receive your welcome kit from Prudential
Inside you’ll find details about your benefit from Prudential and, as applicable, RGA, including how to access your information
You’ll receive your first payment from Prudential as the administrator, on behalf of Prudential and, as applicable, RGA
July 1, 2024
1. December 2022
2. January 1, 2023
Your annuity certificate(s) will be mailed directly to you
December 2024
3. Summer 2023
Inside you’ll find a description of the terms of the annuity guaranteed by Prudential and, as applicable, the annuity guaranteed by RGA
Get answers
What happens next
Meet your insurers
Welcome
When you have questions, we’re here to help!
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It’s not every day that your pension payment transitions to two insurance companies. You’ve got questions and we’re here to help.
Get answers.
View Transcript
Call us toll-free
8am – 6pm EST
844-4Go2Pru
(844-446-2778)
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Frequently asked questions
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What happens next
Meet your insurers
Welcome
Watch this short video about your monthly benefit payments.
Monday – Friday
[Audio:] [Music]
[Description: on-screen text. Dylan Tyson, President, Retirement Strategies, Prudential Financial, Inc.]
[Audio:]
>> Hello, I'm Dylan Tyson, president of Retirement Strategies at Prudential. We are honored that Prudential has been selected to continue to promise of your pension benefits. Your company knows that protecting your retirement matters and making good on promises like these, it's what we do. After all, our first pension risk transfer transaction happened way back in 1928 and believe it or not, we're still paying benefits under that arrangement. And today, we deliver retirement income confidence to more than 1.6 million people. Our team pledges to provide this same kind of commitment and service excellence to you. Now we know you may have questions, and maybe even some concerns, first and foremost, you can rest assured that any payments you're currently receiving will continue uninterrupted and we will be here to answer any questions you may have. We've also launched this website that will provide you with a timeline of information around what will be happening next and a list of commonly asked questions and answers that we often hear in transactions just like this. So, welcome to Prudential, we're glad you're here and we look forward to being your rock in retirement; today, tomorrow, and all the days that follow.
[Description: on-screen text. Prudential logo. Anecdotes about who and the number of people we pay benefits to are as of September 8, 2022.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client, prospective client, customer or policyholder. The information is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. If you would like information about your particular investment or retirement needs, please contact a financial professional.
Prudential Retirement’s Pension Risk Transfer products are issued by The Prudential Insurance Company of America (P I C A), Newark, NJ, a wholly owned subsidiary of Prudential Financial Inc.
P I C A is soley responsible for its financial condition and contractural obligations.
© 2022 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
1062605-00001-00 Ed. 08/2022]
[DESCRIPTION: Rock logo. Animation of a couple walking their dogs in the park. They receive a notification from Prudential on their cell phone.]
[AUDIO:] Welcome to Prudential!
You've worked hard to have a comfortable retirement.
And now that your monthly pension payments have transferred to Prudential, you probably have a few questions.
The most important thing to know is that your pension payments will continue uninterrupted.
In fact, the process is seamless.
There's nothing you need to do right away.
And there should be no disruptions to your service or to your payments.
So now let's jump in!
Your former employer entered into a Pension Risk Transfer, or PRT, agreement with Prudential.
Why? Simply put, this lets your former employer focus on the business they do best and leaves
fulfilling pension promises to Prudential.
Prudential has decades of experience managing pension obligations.
And we have proprietary tools and resources to help you navigate through retirement.
[DESCRIPTION: View of the website. Login to Prudential. A Username and Password are entered.]
[AUDIO:] This is how it all works.
When your former employer agreed to enter into a PRT agreement, they purchased something called a
Group Annuity Contract.
This is a financial product sold by insurance companies that is used to guarantee the benefits earned
from your former employer.
Companies choose Prudential because we have been providing financial security and peace of mind
for nearly 150 years.
We currently serve more than 1.6 million workers and retirees.
[DESCRIPTION: Source: Prudential Retirement Strategies as of August 22, 2022.]
[AUDIO:] We've kept our promise to provide retirement income to millions of retirees under Group Annuity Contracts since 1928 without interruption.
And now, we're happy to have the opportunity to do that for you as a Prudential customer.
[DESCRIPTION: Interested in learning more? Call: 844-4 Go 2 Pru (844-446-2778). Email: Go dot 2 Pru at prudential dot com. Prudential. Copyright 2022 Prudential Financial, Incorporated and its related entities. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Incorporated and its related entities, registered in many jurisdictions worldwide. Insurance products are issued by The Prudential Insurance Company of America (P I C A), Newark, New Jersey.
P I C A is a Prudential Financial company. Compliance number: 1062467-00001-00.]