AGENDA REQUEST
GENERAL DISCUSSION ITEM
Subject:
title
Discussion and vote on Amendment 2015-1 to the 401(a) Plan.
end
Background:
Specifically, the language that follows:
“Employees who were participants in or drawing benefits from the Retirement Plan for full-time Employees of the Town of Ledyard (Defined Benefit Plan) who are rehired are NOT eligible for Matching Contributions under the Plan.
Discussion and possible vote to either keep the above language, recommend a new amendment that deletes the language or put forth a new amendment that deletes 2015-1 altogether.
During the Board’s February 18, 2025, meeting it was decided that Mr. Thorne will move forward with recording the change. The amendment will be voted on at the next meeting and then sent to Town Council for approval.
Department Comment/Recommendation:
(type text here)