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John Hancock Retirement Plan Services hired to run $1B annuity fund

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John Hancock Retirement Plan Services hired to run $1B annuity fund

John Hancock Retirement Plan Services has been appointed byIUOE Local Union 94-94A-94B, AFL-CIO to administer its $1 billion,7,000-participant annuity fund, a Taft-Hartley multiemployer retirement plan.

The International Union of Operating Engineers Local Union94-94A-94B represents employees covered by collective bargaining agreementswith various employers, employer associations and the City of New York withoffice buildings and schools requiring maintenance of heating and airconditioning systems in the New York metropolitan area. Gerry Chasin of UBSserved as the consultant to the plan in choosing John Hancock.

John Hancock Financial is a division of