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Athene will provide annuity benefits to approximately 70,000 GE retirees.   General Electric (GE) is transferring approximately $1.7 billion in pension obligations to Athene, while the BBC Pension Scheme has completed a £3 billion ($4.07 billion) longevity swap. Athene has agreed to provide annuity benefits for approximately 70,000 GE retirees who are currently receiving benefits from the company’s pension plan. In total, GE is transferring approximately $1.7 billion in pension obligations to the insurance firm.   Under the agreement, Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York will each issue a group annuity contract to GE and individual annuity certificates to applicable retirees. The two Athene subsidiaries will have direct payment responsibility for all the liabilities covered under the deal.

New yorkUnited statesAthene annuity life assurance companyCanada life assurance companyPension benefit guaranty corporationLife companyAthene annuityLife assurance companyBuyout indexZurich assuranceCanada life reinsuranceGeneral electricபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஏதீன் வருடாந்திரம் வாழ்க்கை உறுதி நிறுவனம்கனடா வாழ்க்கை உறுதி நிறுவனம்