AGENDA REQUEST
GENERAL DISCUSSION ITEM
Subject:
title
Discussion on a review of applicable labor contracts and retirement documents for Town of Ledyard employee groups with applicability to retirement eligibility and benefits continued.
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Background:
From the April 16, 2024, meeting:
Mr. Thorne said he has been focusing on the Town defined benefit plan, which has several appendixes. He has been comparing what is contained in the appendixes with what is written in the Union contracts. Some of the Union contracts reference the document directly, other contracts give detailed plan information within the contract. Mr. Thorne would like to have USI review the document when the Board is ready. He asked if the Board would pay USI to review the Town Document with pension funds? Matt Bonin, Finance Director strongly suggested using pension funds, Ms. Wadecki agreed that usage of pension funds would be appropriate. Mr. Thorne said he will have a draft to review during the May meeting.
Note - the Board’s May meeting was cancelled.
Department Comment/Recommendation:
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