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Williamson County approves switch to National Life Group for volunteer Length of Service Award program
Summary
The Williamson County Commission approved Resolution 22616 to move the Length of Service Award program's annuity from Hartford Life Insurance to National Life Group, citing a higher crediting rate (about 4.25% vs. roughly 3%) and an estimated $1.7 million difference in required funding over 12 years; VFIS will continue plan administration.
The Williamson County Commission voted to approve Resolution 22616 authorizing a change in the annuity provider for the county's volunteer Length of Service Award program, shifting the contract from Hartford Life Insurance to National Life Group.
County presenters said the change was sought to secure a higher crediting rate for the annuity contract. A presenter identified in the transcript as Speaker 2 said National Life is set…
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