explained that Mr. Browning was employed by Public Works from 1989-2002 and contributed to
his retirement. He suddenly passed away in 2022. His wife, Tammy Browning recently reached
out to the Town to inquire if Mr. Browning had a retirement plan with Ledyard which he did.
Marisa Iannella Rodriguez, the Human Resource Director at the time requested calculations from
USI. Mr. Thorne said he is not sure how calculations were performed since he has never seen one of
these death benefits before and suggested that the Board gets more details before voting. The Board
said the calculation looks completely different than the typical benefit calculation the Board is used
to seeing from USI. Mayor Allyn pointed out that there are some next step recommendations from
Frederica Daniels, USI Actuaries such as a finalizing letter, sending it to Ms. Browning, a follow up
phone call to be sure she received the letter and applications, and elections for payment from the
plan trust which would be in the form of a check or an EFT. Chairman Rodolico asked Ms. Dias to
review the death benefit before moving forward. The motion was withdrawn.
WITHDRAWN
John Rodolico
Roger Codding
RESULT:
MOVER:
SECONDER:
5
1
Thorne Codding Rodolico Panosky DeGaetano
Wadecki
AYE
EXCUSED
Discuss Amendment 2015-1 to the Retirement Plan for Full-Time Employees of the Town of
Ledyard.
2.
Mr. Thorne said he interprets amendment 201501 to read that when an employee retires but stays
employed with the Town their defined benefit payments are suspended unless they are employed
in another department. He added that a couple of employees recently retired but stayed in the
same department and this amendment would imply that they should not be paid benefit plans, he
doesn't believe that is what anybody on the Board would want. Two of the three recent retirees
who returned to work are employed in the same department the other is not. Mr. Thorne's
recommendation is to do away with the amendment. Mr. Thorne said he will write up something
to recommend to the Town Council and to submit to the Unions.
DISCUSSED
RESULT:
Any Other New Business to come before the Board.
3.
Approved payment of invoice #609_09302024, to Fiducient Advisors, dated September 16, 2024,
in the amount of $12,475.39, for consulting costs for the Town of Ledyard Defined Benefit Pension
Plan for the billing period July 1, 2024, to September 30, 2024.
RESULT:
MOVER:
APPROVED AND SO DECLARED
John Rodolico
SECONDER: William Thorne
AYE
EXCUSED
5
1
Thorne Codding Rodolico Panosky DeGaetano
Wadecki
Approved payment of USI invoice #90100392, dated August 30, 2024, in the amount of
$1,200.00, for benefit calculations for Mark Yeulls, Tammy Browning (death benefit) and one
benefit calculation for Brian Pepin, (the second calculation will be paid by the employee).
APPROVED AND SO DECLARED
RESULT: