BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation today announced new measures to invest in the Company’s employees and its future. Recognizing the benefits it will receive as a result of the recent passage of federal tax reform, Protective has committed to:
- Paying a special $1,000 bonus to approximately 75% of its employees
- Establishing a minimum wage across its employee base of $15/hour
“As a complement to the robust employee benefits and career opportunities Protective already offers, we believe these actions reinforce our commitment to our employees and enhance our ability to attract and retain talent,” said Rich Bielen, President & CEO, Protective. “We are excited to be able to offer this special bonus to our employees, and moving forward, we will continue to identify opportunities to further invest in our workforce, our capabilities, and the communities in which we work.”
Protective Life Corporation provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. The flagship subsidiary, Protective Life Insurance Company, was founded in 1907. Protective’s home office is located in Birmingham, Alabama. As of December 31, 2016 the Company had assets of approximately $75.0 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, “Dai-ichi”).
For more information on Protective, please visit www.Protective.com.