POLICY-PROCEDURE
Motion/Request:
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MOTION to adopt a revised and restated “Plan Defined Benefit Document for Eligible Employees of the Town of Ledyard” as presented in the draft dated October 20, 2026; and forwarded by the Retirement Board.
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Authority:
In accordance with Ordinance #200-010 “An Ordinance Establishing Retirement Plans and a Retirement Board for the Town of Ledyard General Government and Board Of Education Employees” Section 2 - Terms of the Plans
“The specific terms of the Pension Plan shall be set forth in a separate amended and restated plan document adopted by the Town Council. The specific terms of the DC Plan shall be set forth in a separate amended and restated plan document adopted by the Town Council.”
Background:
The Town of Ledyard Defined Benefit Plan is titled: “Retirement Plan for Full-Time Employees of the Town of Ledyard”. The entire document was last updated and restated on July 1, 2012. Since that time there have been three amendments (amendments 2015-1, 2021-1 and 2025-1).
Since it has been 14 years since the Plan Document was fully updated, the Retirement Board felt it was prudent to review the document in its entirety incorporating the above listed amendments and incorporating other changes dictated by individual collective bargaining contracts and/or US Code changes.
As part of this effort, the Retirement Board authorized funding for Robinson & Cole (R&C) LLP to lend their expertise. Robinson & Cole was selected because of their familiarity with the current document as they were the law firm that assisted in its development. The Retirement Board worked with Virginia McGarrity from Robinson & Cole, who was not the lawyer that originally worked with Ledyard, but had all the relevant background information in her files.
Summary of Changes is below
(See attached Retirement letter dated October and Full Plan Document)
The title was changed from “The Retirement Plan for Full-Time Employees of the Town of ...
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