Human Resources: MassMutual Offers Comprehensive Education Resources in Response to Pension Act

    SPRINGFIELD, Mass., Oct. 23 /PRNewswire/ -- In response to the recent

Pension Protection Act (PPA) legislation, MassMutual Retirement Services has

developed a comprehensive education program to help plan sponsors, financial

professionals and participants understand the impact of the legislation on

defined contribution and defined benefit plans and to provide tools and

resources to help them address the resulting challenges and opportunities.

    MassMutual's robust PPA program includes a series of online education

sessions for plan sponsors and financial professionals that specifically

address the respective implications for defined benefit and defined

contribution plans. Sessions are designed to help sponsors and financial

professionals gain a thorough understanding of plan impacts and options. A

number of sessions have already taken place and they will be offered on an

ongoing basis to meet demand.

    MassMutual is also offering a free PPA Summary booklet that details the

legislation and describes MassMutual services available to help sponsors

fulfill their fiduciary obligations and address new opportunities surrounding

the PPA. MassMutual is developing several white papers that provide in-depth

analysis of PPA legislation, potential cash flow impacts of the safe harbor

automatic enrollment option, alternatives to freezing a DB plan and other

important considerations.

    To assist plan sponsors in educating participants, MassMutual plans to

incorporate key messages on future participant statements and will make

payroll stuffers available to plan sponsors for use at their discretion.

MassMutual will continue to provide PPA updates on dedicated Web sites for

sponsors, financial professionals and participants, and will deliver

time-sensitive information electronically through standard communication

channels as well.

    To register for an online education event or to request a copy of PPA

materials, plan sponsors and financial professionals should contact their

MassMutual representative directly. For more information about MassMutual

Retirement Services, please contact MassMutual at 1-888-626-4911, 
http://www.massmutual.com/retire.
     Contact:
     Lisa Reilly
     413-744-058

lreilly[at]massmutual.com