741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman John  
Rodolico  
Regular Meeting  
Tuesday, July 21, 2026  
10:00 AM  
Council Chambers - Hybrid Format  
I.  
CALL TO ORDER  
The Regular Meeting was called to order by Chairman Rodolico at 10:05 a.m.  
II.  
ROLL CALL  
Board Member William Thorne  
Chairman John Rodolico  
Present  
Board Member Roger Codding  
Board Member Sharon Wadecki  
Board Member David Gruszkowski  
Staff Present:  
Mayor Fred Allyn III  
Christine Dias, Human Resource Director  
Ian Stammel, Assistant Finance Director  
Matt Bonin, Finance Director  
Christina Hostetler, Town Hall Assistant  
III.  
PRESENTATIONS  
None.  
IV.  
1.  
REVIEW AND APPROVAL OF MINUTES  
Motion to APPROVE Regular Meeting Minutes from June 16, 2026, as written.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
David Gruszkowski  
SECONDER:  
5
Thorne Rodolico Codding Wadecki Gruszkowski  
AYE  
V.  
1.  
DIRECTOR OF HUMAN RESOURCES UPDATE.  
Director of Human Resources Update.  
Christine Dias, Human Resource Director reported that she is currently working on the FY2026  
Census for USI, which she needs to complete by mid-August. USI needs this information to  
prepare their year-end statements for pension participants who are current employees.  
VI.  
1.  
FINANCE DIRECTOR'S REPORT  
Finance Director’s Report.  
None this month.  
VII. OLD BUSINESS  
Discussion and possible vote on updated IPS/Appendix A.  
1.  
Mr. Thorne reminded the Board that this issue came to light when Chris Rowlins, Fiducient  
Advisors, was reviewing the Policy statement, and he noticed that Mr. Rowlins was referring to an  
older version of the IPS. The latest approved signed IPS does not contain the updated Appendix A,  
Target Allocation Table, approved in November 2023. It was also noted that the table Mr. Rowlins  
referred to was dated May 2024, which is incorrectly dated since there was no meeting in May of  
2024. The IPS should be updated to incorporate the November 2023 Target Allocation Table, and  
the revision history should also be updated. Mr. Thorne will confirm the table contents with Mr.  
Rowlins before updating the IPS.  
DISCUSSED  
RESULT:  
Retirement Plan for Full-Time Employees of the Town of Ledyard (Defined Benefit Plan)  
revision update.  
2.  
Ms. Thorne will meet with Christian Dias, Human Resource Director to discuss the  
discrepancies in the verbiage of the retirement calculations of the Firefighters vs. Police as well  
as other discrepancies found. Chairman Rodolico requested that Mr. Thorne shares the tracked  
changes with the Board once the updates are completed.  
TABLED  
RESULT:  
Any Other Old Business to come before the Board.  
None.  
3.  
VIII. NEW BUSINESS  
Motion to APPROVE USI invoice #90126260, dated June 30, 2026, in the amount of $3,000, for  
Core Installment Fee/Actuarial Services 2026 Plan.  
1.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
Thorne Rodolico Codding Wadecki Gruszkowski  
AYE  
Motion to APPROVE a monthly retirement benefit for Alan Muench in the amount of $5,563.29  
as of August 1, 2026, payable in the form of Modified Cash Refund Annuity, based on his  
service and earnings through this retirement date  
2.  
Christine Dias, Human Resource Director, explained that Mr. Muench retired as Lieutenant on  
July 2, 2026, and was rehired as Captain on July 6, 2026.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
Thorne Rodolico Codding Wadecki Gruszkowski  
AYE  
Any Other New Business to come before the Board.  
None.  
3.  
IX.  
ADJOURNMENT  
Motion to ADJOURN the Regular Meeting at 10:25 p.m.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
John Rodolico  
SECONDER:  
DISCLAIMER: Although we try to be timely and accurate these are not official records of the  
Town.