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NEWARK, N.J.--([ BUSINESS WIRE ])--Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), today announced Ramsey, N.J.-based Konica Minolta has added the guaranteed lifetime income product, Prudential IncomeFlex Target, to its suite of solutions that are offered to plan participants.*

"Prudential Retirement is pleased Konica Minolta has decided to offer our retirement income solution a" IncomeFlex Target a" to their plan participants"

aPrudential Retirement is pleased Konica Minolta has decided to offer our retirement income solution a" IncomeFlex Target a" to their plan participants,a said Christine Marcks, president, Prudential Retirement. aThe National Retirement Risk Index a" a nationally recognized measure produced by the Center for Retirement Research at Boston College and sponsored by Prudential a" shows that the number of workers at risk of being unable to maintain their standard of living in retirement has risen from 30 percent to 51 percent over the past 20 years. And because retirees are living longer, they must save more a" and make what they do save last longer. This is why it is crucial for plan sponsors, like Konica Minolta, to offer a guaranteed income option to place their plan participants on a more secure path to and through retirement.a

Konica Minolta Business Solutions, a leader in advanced imaging and networking technologies, rolled out on Jan. 24 a custom version of IncomeFlex Target. The plan has 6,000 plan participants and more than $550 million in assets under management.

aWe want to make sure that Konica Minolta plan participants have the tools and investment options they need to build and enjoy a secure retirement,a said Don Warwick, Konica Minolta Business Solutionsa chief human resources officer. aOffering our employees IncomeFlex Target is another important step in that direction.a

*Guarantees are based on the claims-paying ability of the insurance company and are subject to certain limitations, terms, and conditions.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $239.8 billion in retirement account values as of March 31, 2012. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company(PRIAC), Hartford, CT, or its affiliates.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $943 billion of assets under management as of March 31, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudentialas diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudentialas iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit [ http://www.news.prudential.com/ ].

Withdrawals or transfers (other than transfers between Active IncomeFlex Target Funds) proportionately reduce guaranteed values prior to locking in. After Lock-in withdrawals in excess of the Lifetime Annual Withdrawal Amount will reduce future guaranteed withdrawals proportionately.

Prudential IncomeFlex Target Funds are separate accounts under group variable annuity contracts issued by Prudential Retirement Insurance and Annuity Company (PRIAC),Hartford, CT. PRIAC does not guarantee the investment performance or return on contributions to those separate accounts. You should consider the objectives, risks, charges, and expenses of the Funds and guarantee features before purchasing this product. Like all variable investments, these funds may lose value. Availability and terms may vary by jurisdiction; subject to regulatory approvals. For this and other information, participants mayaccess the participant website or call 877-778-2100 for a copy of the Prudential IncomeFlex Target Important Considerations before investing to speak with a customer service representative.

Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Contract form #GA-2020-TGWB4-0805-47120 or state variation.

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

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