BlackRock’s Retirement Income Solution a Major Step Forward for American Retirement Security

NEW YORK--(BUSINESS WIRE)--BlackRock today announced significant progress toward helping more U.S. workers improve their financial security and access guaranteed lifetime income through workplace retirement plans. Five large plan sponsors whose plans together represent over $7.5 billion in target date investments, including Tennessee Valley Authority Retirement System (TVARS), have elected to work with BlackRock to implement its LifePath PaycheckTM solution as the default investment option in t