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The Employees Retirement System of Texas has agreed to hire Buck Consultants to advise its retirement plans for 3 years.
The Texas system includes 4 plans with about 300,000 active employees and retirees.
Buck, New York, a unit of Affiliated Computer Services Inc., Dallas, will provide actuarial valuations and plan experience reviews.
The ruling applies to Transamerica's indexed annuities as well as to variable annuities and hybrids.
Revenue per individual major medical enrollee increased 35%.
AmeriLife, FBL and NAILBA have also announced changes.
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