Corebridge Financial and Miami-Dade County Public Schools Celebrate 60 Years of Providing Financial Security to Educators
Corebridge Financial and Miami-Dade County Public Schools are celebrating 60 years of providing 403(b) retirement plans to educators, marking one of the earliest implementations in public schools. The partnership began in 1964 when The Variable Annuity Life Insurance Company, now part of Corebridge, issued a plan to a Coral Gables Elementary teacher at $25 per pay period.
Today, 403(b) plans hold approximately $1.3 trillion in retirement assets, supporting employees of public educational institutions, non-profits, hospitals, and religious organizations. Corebridge ranks among the top 5 retirement plan providers for K-12 schools and manages over $124 billion in customer assets, supported by more than 1,000 financial advisors.
Corebridge Financial e le scuole pubbliche della contea di Miami-Dade celebrano 60 anni di offerta di piani pensionistici 403(b) per gli educatori, segnando una delle prime implementazioni nelle scuole pubbliche. La partnership è iniziata nel 1964 quando The Variable Annuity Life Insurance Company, ora parte di Corebridge, ha emesso un piano a un insegnante della Coral Gables Elementary per un importo di $25 per periodo di pagamento.
Oggi, i piani 403(b) detengono circa $1,3 trilioni in asset pensionistici, sostenendo i dipendenti di istituzioni educative pubbliche, organizzazioni non profit, ospedali e organizzazioni religiose. Corebridge si colloca tra i primi 5 fornitori di piani pensionistici per le scuole K-12 e gestisce oltre $124 miliardi in asset dei clienti, supportato da più di 1.000 consulenti finanziari.
Corebridge Financial y las Escuelas Públicas del Condado de Miami-Dade están celebrando 60 años de proporcionar planes de jubilación 403(b) a educadores, marcando una de las primeras implementaciones en escuelas públicas. La asociación comenzó en 1964 cuando The Variable Annuity Life Insurance Company, ahora parte de Corebridge, emitió un plan a un maestro de Coral Gables Elementary por $25 por período de pago.
Hoy en día, los planes 403(b) tienen aproximadamente $1.3 billones en activos de jubilación, apoyando a empleados de instituciones educativas públicas, organizaciones sin fines de lucro, hospitales y organizaciones religiosas. Corebridge se encuentra entre los 5 principales proveedores de planes de jubilación para escuelas K-12 y gestiona más de $124 mil millones en activos de clientes, respaldado por más de 1,000 asesores financieros.
코어브릿지 파이낸셜과 마이애미-데이드 카운티 공립학교는 교육자들을 위한 403(b) 퇴직연금 플랜을 제공한 지 60년을 기념하고 있으며, 이는 공립학교에서 가장 초기의 운영 중 하나로 평가받고 있습니다. 파트너십은 1964년에 시작되었으며, 지금은 코어브릿지의 일원이 된 변동연금생명보험회사가 Coral Gables Elementary의 한 교사에게 급여당 $25로 플랜을 발행했습니다.
오늘날 403(b) 플랜은 약 1.3조 달러의 퇴직 자산을 보유하고 있으며, 공립 교육 기관, 비영리 단체, 병원 및 종교 단체의 직원들을 지원합니다. 코어브릿지는 K-12 학교를 위한 퇴직 연금 플랜 제공 업체 중 상위 5위에 랭크되며, 1,000명 이상의 재정 상담사들에 의해 지원되는 고객 자산 1,240억 달러를 관리하고 있습니다.
Corebridge Financial et les écoles publiques du comté de Miami-Dade célèbrent 60 ans de fourniture de plans de retraite 403(b) aux éducateurs, marquant l'une des premières mises en œuvre dans les écoles publiques. Le partenariat a commencé en 1964 lorsque The Variable Annuity Life Insurance Company, maintenant partie de Corebridge, a émis un plan à un enseignant de Coral Gables Elementary pour 25 $ par période de paie.
Aujourd'hui, les plans 403(b) détiennent environ 1,3 trillion de dollars d'actifs de retraite, soutenant les employés d'institutions éducatives publiques, d'organisations à but non lucratif, d'hôpitaux et d'organisations religieuses. Corebridge se classe parmi les 5 principaux fournisseurs de plans de retraite pour les écoles K-12 et gère plus de 124 milliards de dollars d'actifs clients, soutenus par plus de 1 000 conseillers financiers.
Corebridge Financial und die Schulen des Miami-Dade County feiern 60 Jahre der Bereitstellung von 403(b)-Rentenplänen für Lehrkräfte, die als eine der frühesten Implementierungen in öffentlichen Schulen gelten. Die Partnerschaft begann 1964, als die Variable Annuity Life Insurance Company, die jetzt Teil von Corebridge ist, einen Plan für eine Lehrerin an der Coral Gables Elementary mit 25 $ pro Zahlungsperiode ausstellte.
Heute halten 403(b)-Pläne etwa 1,3 Billionen $ an Rentenvermögen, die Mitarbeiter öffentlicher Bildungseinrichtungen, gemeinnütziger Organisationen, Krankenhäuser und religiöser Organisationen unterstützen. Corebridge gehört zu den fünf größten Anbietern von Rentenplänen für K-12 Schulen und verwaltet über 124 Milliarden $ an Kundenvermögen, unterstützt von mehr als 1.000 Finanzberatern.
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Anniversary
“Those who dedicate their lives to educating and caring for our nation’s children in K–12 schools deserve a rewarding retirement, and 403(b) savings plans can play an important role in funding those retirement dreams,” said Terri Fiedler, President of Retirement Services at Corebridge Financial. “It’s an honor to celebrate 60 years of providing retirement security to teachers, school administrators and staff, alongside our long-standing partner
In 1958, Section 403(b) was added to the Internal Revenue Code (IRC) making a tax-deferred savings vehicle available to employees of certain 501(c)(3) tax-exempt non-profit organizations. In 1961, IRC 403(b) was extended to employees of public education institutions, including colleges and universities.1 Today, it is estimated that 403(b) plans hold roughly
Frank Buggs, a retired educator from
“At Miami-Dade County Public Schools we strive to provide our staff with comprehensive benefits throughout their working years and beyond,” said Ron Steiger, Chief Financial Officer at
Corebridge is a top 5 retirement plan provider by assets for K–12 schools, higher education, healthcare, government employers and other non-profit institutions.3 As of June 30, 2024, the Corebridge retirement services business has more than
About Corebridge Financial
Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than
VALIC (
- IRS, Section 403(b) Tax Sheltered Annuity Arrangements by Ron Hallesten and Bob Architect
- Investment Company Institute, Quarterly Retirement Market Data, Sept. 19, 2024
-
LIMRA rankings in the
U.S. as of June 30, 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031466588/en/
Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com
Jay Russo (Media): jay.russo@corebridgefinancial.com
Source: Corebridge Financial
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