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LOSAP Assets Moved to National Life Insurance Contract

Town of Newtown logoTown of Newtown
Document date
Apr 16, 2026
Term
10-year guaranteed rate period

The 30-second brief

What it covers

The Pension Committee noted that all LOSAP assets were transferred from an Empower Deposit Annuity Contract to a new National Life Insurance Company contract. The new arrangement provides a 4.25% guaranteed rate of return for 10 years.

Who holds it

National Life Insurance Company holds this financial services contract with Town of Newtown. Its other public contracts on record include work for Cardinal Local Schools and Donner Summit Public Utilities District.

What happens next

Term as filed: 10-year guaranteed rate period.

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Contract details

Contract type
Financial Services
Document date
April 16, 2026
Term
10-year guaranteed rate period
Vendor
National Life Insurance Company
Agency
Town of Newtown
Source document
Town of Newtown Pension Committee Meeting Minutes April 2026 (Minutes)

National Life Insurance Company's other public contracts

Cardinal Local Schools, OhioBoard Approves 403(b) Annuity with National Life Insurance · Feb 11, 2026UndisclosedDonner Summit Public Utilities District, CaliforniaLife Insurance Payment Approved for NATIONAL LIFE · Sep 16, 2025$94.8Donner Summit Public Utilities District, CaliforniaInsurance Payment to NATIONAL LIFE INSURANCE CO. Approved · Jul 9, 2025$32.6Donner Summit Public Utilities District, CaliforniaDistrict Pays NATIONAL LIFE INSURANCE CO. Premium · Jul 9, 2025$94.8Donner Summit Public Utilities District, CaliforniaLife Insurance Premium to NATIONAL LIFE INSURANCE CO. · Apr 15, 20251,617.00All National Life Insurance Company contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of Newtown?

National Life Insurance Company was awarded this financial services contract by Town of Newtown, as recorded on April 16, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Newtown Pension Committee Meeting Minutes April 2026 (Minutes), dated April 16, 2026 from Town of Newtown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Life Insurance Company hold?

National Life Insurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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