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NEA Renews Security Benefit Contract

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NU Online News Service, Oct. 5, 2004, 12:25 p.m. EDT

Security Benefit Group, Topeka, Kan., has won a 10-year renewal of an agreement that gives it the right to market supplemental retirement benefits to members of the National Education Association, Washington.[@@]

The NEA, which has 3 million members, negotiated its first supplemental retirement benefits agreement 4 years ago.

Security Benefit offers the NEA Valuebuilder program to teachers in the K through 12 market. The program provides individual retirement accounts, 403(b) accounts and a deferred compensation plan.

Security Benefit says it soon will offer a post-employment health reimbursement arrangement for NEA members.