741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman  
John Rodolico  
Regular Meeting  
Tuesday, April 15, 2025  
10:00 AM  
Council Chambers - Hybrid Format  
I.  
CALL TO ORDER  
The Regular Meeting was called to order by Chairman Rodolico at 10:00 a.m.  
II.  
ROLL CALL  
Board Member William Thorne  
Chairperson John Rodolico  
Present  
Board Member Roger Codding  
Board Member Sharon Wadecki  
Also in attendance:  
Naomi Rodriguez, Town Council Chairperson.  
Staff Present:  
Mayor Fred Allyn III  
Christine Dias, Human Resource Director  
Matt Bonin, Finance Director  
Christina Hostetler, Town Hall Assistant  
Staff Excused:  
Ian Stammel, Assistant Finance Director  
III.  
PRESENTATIONS  
None.  
IV.  
1.  
REVIEW AND APPROVAL OF MINUTES  
Motion to APPROVE Regular Meeting Minutes from March 18, 2025, as written.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
V.  
DIRECTOR OF HUMAN RESOURCES UPDATE  
Director of Human Resources Update.  
1.  
No report this month.  
Mr. Thorne asked what the status was of the Police/Public Works Union meeting regarding  
Connecticut's Municipal Employee Retirement System (CMERs). It was answered that the meeting  
was held in January and the obligation to hold a meeting has been fulfilled.  
VI.  
1.  
FINANCE DIRECTOR'S REPORTS  
Finance Director’s Report.  
Matt Bonin, Finance Director said he had nothing to report other than the email from Chris  
Rowlins, Fiducient Advisors, regarding the current market turmoil. This email was sent to the  
Board members.  
VII. OLD BUSINESS  
Discussion and possible vote on USI Plan Compliance Services Proposal.  
1.  
Mr. Thorne reiterated that at the last meeting the Board agreed to reach out to Robinson & Cole,  
specifically Bruce Barth, for an estimate. Mr. Thorne drafted a letter to Attorney Barth which he  
shared with the Board.  
"The Town of Ledyard requests Robinson + Cole’s services in assisting the Town of Ledyard  
Retirement Board (Retirement Board) with the review and restatement of the town’s “Retirement  
Plan for Full Time Employees” (Defined Benefit Plan). The “Plan” was last restated in July 2012  
and is in need of a legal/technical review, possible restructuring and subsequent restatement.  
I believe your firm (you specifically) was involved in the last restatement effort and is probably  
in the best position to help the Retirement Board with this new restatement effort. The Town,  
through the Retirement Board, will provide liaison and administrative support for this effort.  
So that the Retirement Board can authorize an expenditure for this effort, it is requested that  
Robinson + Cole provide an estimate of your services needed to complete this effort."  
Mr. Thorne asked if Robinson & Cole are the Town's attorney. Mayor Allyn III answered that  
Shipman & Goodwin are the Town's attorneys.  
Mr. Thorne will ask Robinson & Cole to give a cost structure for updating the 2012 plan and  
compare it to the one provided by USI.  
Motion to APPROVE submittal of letter to Robinson & Cole requesting an estimate to complete  
a legal and technical review, possible restructuring and subsequent restatement of the Retirement  
Plan for Full-Time Employees of the Town of Ledyard.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Roger Codding  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
Any Other Old Business to come before the Board.  
None.  
2.  
VIII. NEW BUSINESS  
Motion to APPROVE a change to the monthly modified cash refund retirement pension benefit  
1.  
for Kenneth Creutz to the amount of $4,668.95 from $4,886.00 as of May 1, 2025.  
Ms. Wadecki stated that she thought the Board had already completed all of the Police  
retirement reevaluations. Christine Dias, Human Resource Director replied that while looking at  
other files administrative reporting errors were found with the max cap 130% calculations. In  
this case the number was misreported, which resulted in a change to the benefit calculation. Ms.  
Wadecki asked if there would be more reporting errors to come, Ms. Dias answered that at this  
point every retirement that is subject to the 130% cap has been reviewed and the Board is in a  
good position moving forward.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
Motion to APPROVE payment of USI invoice #90108571, dated March 31, 2025, in the amount  
of $400.00, for a revised benefit calculation for Kenneth Creutz.  
2.  
3.  
Any Other New Business to come before the Board.  
Chairman Rodolico asked if there was any other New Business. Naomi Rodriguez, Town  
Council Chairperson said that April is National Volunteer appreciation month and on behalf of  
the Town Council she wanted to thank the Board for their time, hard work and effort.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
IX.  
ADJOURNMENT  
Motion to ADJOURN the Regular meeting at 10:13 a.m.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
John Rodolico  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
DISCLAIMER: Although we try to be timely and accurate these are not official records of the  
Town.