Pension Board Approves Milliman Actuarial Updates
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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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