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Pension Benefit Payments Administration Transition Recommended to Comerica

Town of Newtown logoTown of Newtown
Disclosed value
$35 fee for initial coding and data entry (per account); total fees not specified
From meeting minutes
Document date
Dec 12, 2024

The 30-second brief

What it covers

The Pension Committee recommended transitioning pension benefit payment administration to Comerica with an anticipated go-live of July 1, 2025, and a $35 initial account setup fee.

Who holds it

COMERICA holds this financial services contract with Town of Newtown. Its other public contracts on record include work for Town of Northville and City of Trenton.

What happens next

Term as filed: Go live July 1, 2025; expected three months setup time.

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Contract details

Contract type
Financial Services
Amount
$35 fee for initial coding and data entry (per account); total fees not specified
Document date
December 12, 2024
Term
Go live July 1, 2025; expected three months setup time
Vendor
COMERICA
Agency
Town of Newtown
Source document
town-of-newtown-meeting-minutes-2024-12-12_973.pdf (Meeting Minutes)

COMERICA's other public contracts

Town of Northville, MichiganComerica Accounts Hold Northville Municipal Funds · Oct 19, 2026UndisclosedCity of Trenton, MichiganComerica Trust Services Q2 Invoice Approved · Sep 16, 2026$5.4KTown of Redford charter, MichiganRedford Plan Reviews Comerica Account Statements · Sep 15, 2026UndisclosedCity of Birmingham, MichiganComerica Investment Fee Approved · Sep 11, 2026$14.2KCity of Birmingham, MichiganSecond Comerica Fee Approved · Sep 11, 2026$14.8KAll COMERICA contractsVendor profile

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Questions about this contract

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

COMERICA was awarded this financial services contract by Town of Newtown, as recorded on December 12, 2024. The contract value is $35 fee for initial coding and data entry (per account); total fees not specified.

How much is the COMERICA contract with Town of Newtown worth?

The COMERICA contract with Town of Newtown is valued at $35 fee for initial coding and data entry (per account); total fees not specified, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in town-of-newtown-meeting-minutes-2024-12-12_973.pdf (Meeting Minutes), dated December 12, 2024 from Town of Newtown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does COMERICA hold?

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

What is Town of Newtown currently buying?

Explore Town of Newtown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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