Agent Pension Plan Information for Former Allstate ...

32 Exclusivefocus Spring 2013 For the most part, Allstate stopped hiring employee agents in 1990. Then in the year 2000, the company terminated all its remaining employee Agent contracts, except for those located in certain jurisdictions, such as the state of New the time, the company had 6,171 employee agents who were affected by the Preparing for the Future initiative, wherein agents were allowed to continue their careers only if they agreed to be-come independent contractors and suf-fer the loss of their employee benefits. Most of those affected were over the age of forty. Of the 6,171 affected agents, 3,772 converted to the EA agreement and con-tinued their agency relationship; 2,399 selected another option, and parted ways with the company .

32 — Exclusivefocus Spring 2013 F or the most part, Allstate stopped hiring employee agents in 1990. Then in the year 2000, the company terminated all …

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