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PROFESSIONAL_SERVICESAPPROVED

Old Saybrook Pension and Benefits Board Meeting Minutes February 2026

Pension Board Approves Milliman Actuarial Updates

Town of Old SaybrookMILLIANFebruary 26, 2026

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WithersRavenel logo
Derivita logo
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Description

The Old Saybrook Pension and Benefits Board approved Milliman's recommendations to update the mortality assumptions and adopt a 15-year layered amortization method for both the Town and Volunteer Fire pension plans. These changes are designed to reduce volatility and maintain progress toward full plan funding.

Contract Details

Vendor

MILLIAN

Agency

Town of Old Saybrook, CT

Contract Type

PROFESSIONAL_SERVICES

Document Date

February 26, 2026

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