In response to the new tax reform law, New York insurance giant MetLife Inc., which has some operations in Bloomfield, said it is investing millions of dollars in its employees.
The company will increase the minimum wage it pays, enhance benefits, and boost contributions to retirement plans, as well as create a new $10 million skills development fund to help its employees around the world upgrade their skills.
"We are investing in [employees'] future and strengthening their long-term financial security with structural improvements that will endure," said CEO Steven A. Kandarian. "We are also channeling most of the benefits to employees at the lower end of the compensation spectrum."
For all eligible U.S. employees, MetLife's enhanced programs include: