alaska_retirement_management_board_audit_committee.pdf
New York Life Insurance Backs ARMB Investment Contract
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Description
New York Life Insurance and Annuity Corporation supports ARMB’s retirement investments with a $137 million synthetic investment contract as of June 30, 2025.
Contract Details
Contract Amount
$137,262,984 (contract value as of June 30, 2025)
Vendor
NEW YORK LIFE INSURANCE & ANNUITY CORPORATION
Agency
Alaska Department of Revenue, AK
Contract Type
FINANCIAL_SERVICES
Document Date
October 10, 2025
Contract Term
As of June 30, 2025
Renewal Date
2025-06-30
Renewal Info
Contract is active as of June 30, 2025; no explicit renewal/expiration terms provided.
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