RETIREMENT-EMPLOYEE BENEFITS
Motion/Request:
title
Motion to APPROVE retirement benefit for Kenneth Creutz in the amount of $4,886.00 in the form of a modified cash refund annuity effective September 1, 2023.
end
Background:
Due to a lack of quorum, there was no vote held during the August 15, 2023, meeting. A special meeting will be held on August 29, 2023, to approve this retirement benefit.
The special meeting on August 29, 2023, was cancelled. A vote on this retirement will take place during the September 19, 2023 meeting.
Human Resources Comment/Recommendation:
(type text here)
Finance Director Comment/Recommendation:
(type text here)
Mayor Comment/Recommendation:
Capt. Creutz has reached retirement age. He wishes to continue work in Ledyard but following the model of Gerald (Jerry) Watkins, he will continue to work but in the DC plan for retirement. I support this retirement and continuation of work, particularly in the hiring conditions we face.