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New guaranteed interest pension account from New York Life

New York Life Investments announced the launch of the Guaranteed Interest Pension Account.

By Heather Trese | Updated on May 31, 2011

Today, New York Life Investments announced the launch of the Guaranteed Interest Pension Account (GPA).

GPA provides organizations with a well-suited investment option for near-term qualified pension plan liabilities. It allows sponsors to structure a portion of their assets to mirror liability cash flows, as outlined in the funding model set forth by the Pension Protection Act of 2006.

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