City of Middletown Minutes of the Retirement Board 2026-05-11
Board Approves Sale of Transamerica OPEB Assets
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Description
The Retirement Board approved a recommendation to sell OPEB Trust assets managed by Transamerica due to performance concerns. The action significantly reduces or ends Transamerica’s role in managing these funds.
Contract Details
Vendor
TRANSAMERICA
Agency
City of Middletown, CT
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Action represents a shift away from Transamerica for OPEB assets; no renewal is contemplated, suggesting termination or non-renewal of this investment mandate.
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