AGENDA REQUEST
GENERAL DISCUSSION ITEM
Subject:
title
Discuss Amendment 2015-1 to the Retirement Plan for Full-Time Employees of the Town of Ledyard continued.
end
Background:
From the October 15, 2024, meeting:
“If a Member continues employment with the Town after reaching his or her Normal Retirement Date, any benefits payable to such Member or retired or former Eligible Employee under the Plan shall be suspended during the period of continued employment. If a retired Member returns to employment with the Town in the same department which he or she retired from, any benefits payable to such retired Member under the Plan shall be suspended during the period of such continued employment. However, if a retired Member returns to employment with the Town in a different department which he or she retired from, any benefits payable to such a retired Member under the Plan during such period of continued employment shall continue without disruption. This member will not be allowed to contribute to any Town pension plan”.
Mr. Thorne suggested that the Board recommends the deletion of the amendment to the Town Council. Mr. Thorne asked Mayor Allyn III if he agreed with his suggestion. Mayor Allyn III said he agrees. He added that the Town of Ledyard isn't very competitive with salaries, and this would be a way to help keep seasoned employees. Mr. Thorne said he will work on the wording for the recommendation to the Town Council.
Department Comment/Recommendation:
(type text here)