741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman  
John Rodolico  
Regular Meeting  
Tuesday, June 17, 2025  
10:00 AM  
Council Chambers - Hybrid Format  
I.  
CALL TO ORDER  
The Regular Meeting was called to order by Chairman Rodolico at 10:01 a.m.  
II.  
ROLL CALL  
Board Member William Thorne  
Chairperson John Rodolico  
Present  
Board Member Roger Codding  
Board Member Sharon Wadecki  
Staff Present:  
Christine Dias, Human Resource Director  
Matt Bonin, Finance Director  
Ian Stammel, Assistant Finance Director  
Christina Hostetler, Town Hall Assistant  
Staff excused:  
Mayor Fred Allyn III  
III.  
PRESENTATIONS  
None.  
IV.  
1.  
REVIEW AND APPROVAL OF MINUTES  
Motion to APPROVE Regular Meeting Minutes from May 20, 2025, as written.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
V.  
1.  
DIRECTOR OF HUMAN RESOURCES UPDATE  
Director of Human Resources Update.  
Christine Dias, Human Resource Director reported that a retirement application will be coming in  
July for a retirement on August 1st. The employee is working until the second week of July  
therefore a calculation can't be completed before then. Chairman Rodolico asked what department  
the employee is in, it was answered "Fire".  
DISCUSSED  
RESULT:  
VI.  
1.  
FINANCE DIRECTOR'S REPORT  
Finance Director’s Report.  
Matt Bonin, Finance Director, reported that the annual contribution went in last week and was  
deployed this week into 3-4 accounts. Mr. Bonin sent the Trade Recommendations to the Board.  
DISCUSSED  
RESULT:  
VII. OLD BUSINESS  
Update on Police Union Pension discussion continued.  
1.  
Christine Dias, Human Resource Director said that Sergeant Foster has reached out to her ask if it  
could be put into writing that if there is a fee from the State of Connecticut for a SMERS actuarial  
evaluation it would be paid for by the Board. She told Sergeant Foster that she would ask the Board.  
The Board did not think that there should be a signed agreement to pay for the actuarial evaluation.  
NO ACTION TAKEN.  
DISCUSSED  
RESULT:  
Any Other Old Business to come before the Board.  
2.  
Mr. Thorne said that since Bruce Barth retired, he has been working with Virginia McGarrity  
from Robinson & Cole. Ms. McGarrity said the IRS determination letter is voluntary and she did  
not feel it is necessary in this case. Ms. McGarrity also confirmed that the Board could pay for  
Robinson & Cole's assistance in revising the Retirement Plan out of the Retirement fund.  
Mr. Thorne reviewed a few things that he and Mr. McGarrity agreed upon:  
- Changing the title to something similar to "Eligible for the Defined Benefit Plan".  
- A rework for in the format for revision changes. This will ensure that the Document won't be  
affected by Union contract changes only the Union Appendixes.  
- The document will be reviewed by Ms. McGarrity to make sure no legal lines are crossed.  
Mr. Thorne said he should have a completed draft by the next meeting for the Board to review.  
DISCUSSED  
RESULT:  
VIII. NEW BUSINESS  
Motion to ENTER into Executive Session to discuss legal services for the Retirement Board.  
1.  
Christine Dias, Human Resource Director, has a copy of the waiver that Robinson & Cole would  
like the Town to sign. Ms. Dias said that Mayor Fred Allyn III reviewed the waiver and is has given  
his approval therefore an executive session is not needed.  
DISCUSSED  
RESULT:  
Motion to APPROVE payment of invoice #609_06302025, to Fiducient Advisors, dated June  
10, 2025, in the amount of $12,849.65, for consulting costs for the Town of Ledyard Defined  
Benefit Pension Plan for the billing period April 1, 2025, to June 30, 2025.  
2.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
4
Thorne Rodolico Codding Wadecki  
AYE  
Any Other New Business to come before the Board.  
None.  
3.  
IX.  
ADJOURNMENT  
Motion to ADJOURN the Regular Meeting at 10:16 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.