Massachusetts Mutual Life Insurance Co. plans to move 250 insurance jobs from Connecticut to its Springfield headquarters by the end of 2013.
The life insurance and investment company is one of the largest employers in Western Massachusetts, with about 4,000 jobs in the area.
MassMutual expects to move additional jobs to the Springfield area from Enfield, Conn., after buying the Hartford Insurance Co.’s retirement plan business for $355 million earlier this year.
MassMutual said it plans to move workers from the Hartford’s offices in Simsbury and Windsor, Conn., to Enfield and move existing workers in Enfield to Springfield.
MassMutual said it will renovate its Springfield and Enfield offices “to create more modern and collaborative work areas.”
“Over the next two years, we will make a significant investment in our Springfield and Enfield offices to upgrade facilities and infrastructure,” spokesman Mark Cybulski said.
The move will help the company consolidate insurance operations in Springfield, leaving the Enfield office focused on retirement services, Cybulski said. MassMutual plans to spend $59 million to upgrade facilities in Springfield, potentially making it eligible for millions of dollars in state tax breaks.
An official in Governor Deval Patrick’s administration declined to say how much the state has recommended the company receive until after a state board that awards economic development incentives votes on Tuesday.