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28.12.2017 15:11:55

Aflac Expects To Increase Investment In US By $250 Mln Over Three To Five Years

(RTTNews) - Aflac Inc. (AFL) said that, as a result of the recent tax reforms enacted by Congress and signed into law by the president, it intends to invest in several key areas that will provide long-term benefits for employees in the form of helping them plan for healthy retirements, enable strategic investments aimed at growing the overall business and strengthen the company's 22-year commitment to supporting childhood cancer initiatives. Aflac expects to increase overall investment in the U.S. by about $250 million over three to five years.

Effective 2018, Aflac commits to Increase the company's 401(k) match, from 50% to 100% on the first 4% of employee contribution, while making a one-time contribution of $500 to every employee's 401(k) plan; Offer certain hospital and accident insurance products to all employees free of charge, as the company currently does with its core cancer insurance product.

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