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Benefit Support For Former Employees


Benefit Support For Former Employees

Many former G.C. Murphy Company employees who are near retirement or who suffered a death in their family need to know if they are eligible for pension or life insurance benefits. Unfortunately, the Company’s takeover by Ames Department Stores and McCrory Corporation makes some of the questions hard to answer, because both of those companies were liquidated.

The G.C. Murphy Company Foundation has no control over pension or insurance benefits and no connection—officially or otherwise—with any benefit plans, and is sorry that it can’t provide much help.

However, Ed Davis of the Foundation, who worked in employee and public relations for Murphy’s, has provided the following information that we believe is accurate:

Free and Contributory Life Insurance

After Ames Department Stores filed for bankruptcy protection, it stopped paying the premiums on the life insurance policies (held by Travelers) for former G.C. Murphy Company employees. The policies were sold by Travelers to Metropolitan Life Insurance Company in late 2002 or early 2003.

Because Ames stopped paying the premiums, those policies are reportedly frozen at 29 percent of their 1986 value. If you believe that you are owed a benefit from one of these policies, contact:

MetLife Recordkeeping Center
P.O. Box 6129
Utica, NY 13504
1-800-357-4482

Note: This number is accurate as of April 23, 2007.

Group Pension Plan

The G.C. Murphy Company group pension plan is administered by Liberty Mutual Insurance Company:

Liberty Life Assurance Company of Boston
Attn: Kristen Beaulieu, Group Pensions
P.O. Box 1525
Dover, NH 03821
1-800-451-7065 extension 35819

Note: This number is accurate as of April 23, 2007.

Disclaimer

The G.C. Murphy Company is no longer in business. It ceased to exist as an independent corporation in 1985 and as an operating entity in 1989. The G.C. Murphy Company Foundation has no official or unofficial connection with Ames or McCrory or their affiliated companies.

This information is provided as a public service. We believe the information is correct, but we cannot guarantee that it’s accurate. (Buyer beware!)

If you have more current information, please let us know so that we can help other former Murphy’s employees!

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