741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman  
John Rodolico  
Regular Meeting  
Tuesday, December 17, 2024  
10:00 AM  
Council Chambers - Hybrid Format  
I.  
CALL TO ORDER  
The meeting was called to order by Chairman Rodolico at 10:00 a.m.  
II.  
ROLL CALL  
Board Member William Thorne  
Board Member Roger Codding  
Board Member Sharon Wadecki  
Chairman John Rodolico  
Present  
Alternate Member Minna DeGaetano  
Also in attendance:  
Naomi Rodriguez, Town Council Chairperson  
Frederica Daniels, USI Actuaries was present via Zoom  
Staff Present:  
Mayor Fred Allyn III  
Christine Dias, Human Resource Director  
Matt Bonin, Finance Director  
Ian Stammel, Assistant Finance Director  
Christina Hostetler, Town Hall Assistant  
Minna DeGaetano was appointed as a voting member.  
III.  
1.  
PRESENTATIONS  
Frederica Daniels, USI Actuaries will be presenting the GASB Disclosure Report for the fiscal  
year ending June 30, 2024.  
IV.  
1.  
REVIEW AND APPROVAL OF MINUTES  
Motion to APPROVE Regular Meeting Minutes from November 19, 2024, as written.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
1
Thorne Codding Wadecki Rodolico  
DeGaetano  
AYE  
ABSTAIN  
V.  
1.  
DIRECTOR OF HUMAN RESOURCES UPDATE  
Director of Human Resources update.  
No report.  
VI.  
1.  
FINANCE DIRECTOR'S REPORT  
Finance Director’s Report.  
Mr. Bonin reported that the changes to trade voted on during the November meeting were  
executed.  
VII. OLD BUSINESS  
Discuss Amendment 2015-1 to the Retirement Plan for Full-Time Employees of the Town of  
1.  
Ledyard continued.  
Approved a recommendation to Town Council to adopt proposed amendment 2024-1 to the  
Retirement Plan for Full-Time Employees of the Town of Ledyard, as presented in the draft  
dated December 17, 2024.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
Thorne Codding Wadecki Rodolico DeGaetano  
AYE  
Any Other Old Business to come before the Board.  
None.  
2.  
VIII. NEW BUSINESS  
Motion to APPROVE a monthly retirement benefit for Bobby Kempke in the amount of  
1.  
$2,469.62 as of December 1, 2024, payable in the normal form of a Modified Cash Refund  
Annuity based on his service and earnings through this retirement date.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
Thorne Codding Wadecki Rodolico DeGaetano  
AYE  
Motion to APPROVE payment of invoice #609_12312024, to Fiducient Advisors, dated  
December 6, 2024, in the amount of $12,849.65, for consulting costs for the Town of Ledyard  
Defined Benefit Pension Plan for the billing period October 1, 2024, to December 31, 2024.  
2.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
AYE  
5
Thorne Codding Wadecki Rodolico DeGaetano  
Motion to APPROVE payment of USI invoice # 90103509, dated November 30, 2024, for  
benefit calculations for Bobby Kempke and Belinda Learned in the amount of $400.00 each for a  
total of $800.00.  
3.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
Thorne Codding Wadecki Rodolico DeGaetano  
AYE  
Any Other New Business to come before the Board.  
None.  
4.  
IX.  
ADJOURNMENT  
DISCLAIMER: Although we try to be timely and accurate these are not official records of the  
Town.