Corebridge Financial and Miami-Dade County Public Schools are commemorating 60 years of partnership in providing financial security to educators. This anniversary marks one of the earliest implementations of a 403(b) retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company (VALIC), a Corebridge Financial company, pioneered 403(b) employer contracts for educators in the United States.
This long-standing relationship underscores Corebridge's significant presence and expertise in the public education sector. The company is recognized as a top 5 retirement plan provider for Kâ12 schools, higher education, healthcare, government employers, and other non-profit institutions. As of June 30, 2024, Corebridge's retirement services business managed and administered over $124 billion in total customer assets.
The enduring partnership with Miami-Dade County Public Schools demonstrates Corebridge's commitment to serving educators and its ability to maintain long-term client relationships. This stability in a key market segment contributes to the company's diversified business model and consistent cash flow generation.
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