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ChatGPTClaudePerplexity· Resolution
Pension plan terminated with a $2.6 million final contribution; assets go to One America
The plan was terminated in March 2024. The full balance was transferred at the end of March to One America, which paid May benefits, and staff notified the Texas Pension Review Board. The final contribution was $2.6 million, below the $3.4 million authorized.[1][2]
Arthur J. Gallagher & Co. (Gallagher Benefit Services)
What the sources say
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The investment counselor reported the plan terminated with a $2.6 million final contribution, down from the $3.4 million previously estimated; staff reported the full balance transferred to One America at the end of March and the Texas Pension Review Board notified. The plan's audited net position was $0 at September 30, 2024, down $18.8 million, as annuities were bought for all members. [1][3]
- Final contribution
- $2,600,000
