Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Grayson County to move employee retirement accounts from Nationwide to Lincoln Financial; temporary pause for changes
Summary
County presenters told commissioners the county will transition its employee retirement platform from Nationwide to Lincoln Financial, citing a negotiated fee reduction and resolution of a Nationwide ‘‘put’’ option; employees must submit any withdrawals or changes by the end of the day or wait until a pause ends no later than June 8.
Grayson County Commissioners Court was told that the county will transition its employee retirement plan platform from Nationwide to Lincoln Financial, with a temporary pause on account changes that could last through June 8.
Brad, a county presenter, said employees received notification last Thursday and that the county concluded late negotiations with Lincoln Financial and Nationwide to lower fees and resolve a Nationwide “put option” on the fixed retirement account. He said participants who want to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
