Town of Old Lyme Pension Committee Meeting Minutes March 2026
Old Lyme Adds Empower Lost Participant Service
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Description
The Town of Old Lyme Pension Committee approved adding Empower’s Lost Account Holder (Lost Participant) Service to its existing retirement plan agreement. Empower will locate participants with uncashed checks, returned mail, or mail holds for a fee of $30 per eligible participant per year, charged only to the participant. The Town will not incur any direct cost for this service.
Contract Details
Contract Amount
$30 per eligible participant per year (participant-paid)
Vendor
EMPOWER
Agency
Town of Old Lyme, CT
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Renewal Info
Add-on service to existing Empower agreement; no specific end date or renewal terms discussed in the minutes.
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