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 September 17, 2024, meeting:
Mr. Thorne said he interprets amendment 201501 to read that when an employee retires but stays employed with the Town their defined benefit payments are suspended unless they are employed in another department. He added that a couple of employees recently retired but stayed in the same department and this amendment would imply that they should not be paid benefit plans, he doesn't believe that is what anybody on the Board would want. Two of the three recent retirees who returned to work are employed in the same department the other is not. Mr. Thorne's recommendation is to do away with the amendment. Mr. Thorne said he will write up something to recommend to the Town Council and to submit to the Unions.
Department Comment/Recommendation:
(type text here)