Prudential Retirement Partners with Hewitt Associates to Offer Prudential`s IncomeFlex® TargetSM

Designed to meet growing demand for guaranteed, lifelong retirement income
NEWARK, N.J.--(Business Wire)--
Prudential Retirement announced today it has entered into an agreement with
Hewitt Associates, a human resources consulting and outsourcing company, to make
Prudential`s IncomeFlex® TargetSM (IFX Target) available to its new and existing
retirement plan clients.

Under the terms of the agreement, Hewitt will provide multi-channel, fully
integrated access to IFX Target, a leading in-plan retirement solution that
delivers guaranteed lifetime income, downside income protection, and growth
potential for individuals with assets in target-date or life-cycle funds. The
IFX Target offer will be part of Hewitt`s comprehensive suite of administration
solutions, which includes robust participant services, consultative support,
open investment architecture and fee transparency specifically designed for mid-
to large-sized organizations.

"As the largest independent record-keeper of 401(k) plans and a leader in
retirement consulting and research, Hewitt`s understanding of participant
behavior and what it takes to provide a successful retirement positions them to
effectively design a delivery platform for products like IFX Target," said
Christine Marcks, president, Prudential Retirement, a business of Prudential
Financial Inc. (NYSE: PRU). "As a result, we are very excited to be working
side-by-side with a market leader as well-regarded as Hewitt to expand our
product`s availability and to meet a growing market demand for guaranteed,
lifelong retirement income solutions."

"With Hewitt`s expertise in creating participant solutions and their vast client
base, which comprises many of the nation`s largest corporations, we believe this
partnership will help dramatically increase the number of individuals who can
seamlessly convert their retirement savings into a guaranteed income stream,"
Marcks said.

"Serving many of this country`s largest retirement plans allows us the unique
opportunity to provide access to a variety of innovative, leading-edge solutions
- like IFX Target - that have the potential to improve retirement income
adequacy for millions of Americans," Alison Borland, Hewitt`s Retirement
Outsourcing Strategy Leader. "Hewitt research shows that the median rate of
return for 401(k) participants was negative 28 percent in 2008, with more than
half (56 percent) of workers over 60 years of age losing more than 20 percent of
their savings. Our objective is to provide tools to employees that can reduce
the risks of significant market declines shortly before retirement. IFX Target
is one solution designed to accomplish that objective."

"Furthermore, adding IFX Target to our suite of solutions will support our
clients in their efforts to offer employees institutionally priced, tailored
solutions that reflect the diversity of needs and preferences within plan
populations. It is an important step for us as we seek ways to help employees
continue to benefit from their 401(k) plans throughout retirement and have
understandable, affordable access to lifetime income," Borland concluded.

Prudential`s IncomeFlex® TargetSM product provides a guaranteed stream of
lifetime income for participants, control over their assets, the potential to
capture market growth, and protection from market downturns. Unlike other
retirement-income products, such as traditional annuities, IncomeFlex does not
require annuitization to receive guaranteed income. The fee for the IncomeFlex
benefit is in addition to investment management charges, and withdrawals in
excess of guaranteed withdrawal amounts reduce future guaranteed withdrawals
proportionately. Guarantees are based on the claims paying ability of the
issuing company.

About Hewitt Associates

Hewitt Associates (NYSE: HEW) provides leading organizations around the world
with expert human resources consulting and outsourcing solutions to help them
anticipate and solve their most complex benefits, talent and related financial
challenges. Hewitt consults with companies to design and implement a wide range
of human resources, retirement, investment management, health management,
compensation, and talent management strategies. As a leading outsourcing
provider, Hewitt administers health care, retirement, payroll, and other HR
programs to millions of employees, their families and retirees. With a history
of exceptional client service since 1940, Hewitt has offices in 33 countries and
employs approximately 23,000 associates who are helping make the world a better
place to work. For more information, please visit www.hewitt.com.

About Prudential Retirement

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 nearly 86
years of retirement experience, Prudential Retirement helps meet the needs of
nearly 3.6 million participants and annuitants. Prudential Retirement has $150.2
billion in retirement account values as of December 31, 2008.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $558 billion of assets under management as of December 31, 2008,
has operations in the United States, Asia, Europe, and Latin America. Leveraging
its heritage of life insurance and asset management expertise, Prudential is
focused on helping individual and institutional customers grow and protect their
wealth. The company`s well-known Rock symbol is an icon of strength, stability,
expertise and innovation that has stood the test of time. Prudential's
businesses offer a variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds, investment management, and
real estate services. For more information, please visit
www.news.prudential.com.

Prudential Retirement, Prudential Financial, PRU, Prudential and the Rock logo
are registered service marks of The Prudential Insurance Company of America,
Newark, NJ, and its affiliates.

To maintain Prudential IncomeFlex benefit, you must invest in an IncomeFlex
Target Fund. Like all variable investments, these funds may lose value.
Withdrawals in excess of the Lifetime Annual Withdrawal Amount will reduce
future guaranteed withdrawals proportionately.

Prudential IncomeFlex Target Funds are separate accounts available under group
variable annuity contracts issued by Prudential Retirement Insurance and Annuity
Company (PRIAC) (CA COA #08003.), Hartford, CT. PRIAC does not provide any
guarantee of the investment performance or return of contributions to those
separate accounts. PRIAC`s guarantee of certain withdrawals is supported by
PRIAC`s general account and is contingent on its claims paying ability.

Product availability and terms may vary by jurisdiction and product version.
Subject to regulatory approvals. Annuity contracts contain exclusions,
limitations, reductions of benefits and terms for keeping them in force.
Contract form #ALC-GA-2020-TGWB-0805 or state variations thereof.

INST-20090421-A030363

Prudential Financial, Inc.
Dawn Kelly, 973-802-7134 office
201-406-7248 cell
dawn.kelly@prudential.com
or
Hewitt Associates
Catherine Brandt, 847-442-2994
Catherine.brandt@hewitt.com

Copyright Business Wire 2009