741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman  
John Rodolico  
Regular Meeting  
Tuesday, March 19, 2024  
10:00 AM  
Council Chambers - Hybrid Format  
I.  
CALL TO ORDER  
The Meeting was called to order by acting Chairperson Sharon Wadecki at 10:04 a.m.  
II.  
ROLL CALL  
Board Member William Thorne  
Board Member Roger Codding  
Board Member Sharon Wadecki  
Board Member Daniel Panosky  
Alternate Member Minna DeGaetano  
Chairman John Rodolico  
Present  
Excused  
Also in attendance was Naomi Rodriguez, Town Councilor.  
Staff Present:  
Mayor Fred Allyn III  
Matt Bonin, Finance Director  
Christina Hostetler, Town Hall Assistant  
Staff Excused:  
Marisa Iannella Rodriguez, Human Resource Director  
Ian Stammel, Assistant Finance Director  
III.  
PRESENTATIONS  
None.  
IV.  
1.  
REVIEW AND APPROVAL OF MINUTES  
Motion to APPROVE Special Meeting Minutes from January 23, 2024, as written.  
APPROVED AND SO DECLARED  
William Thorne  
RESULT:  
MOVER:  
Roger Codding  
SECONDER:  
4
Thorne Codding Panosky DeGaetano  
AYE  
1
1
Rodolico  
Wadecki  
EXCUSED  
ABSTAIN  
Motion to APPROVE Regular Meeting Minutes from February 20, 2024, as written.  
2.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
Minna DeGaetano  
SECONDER:  
3
1
2
Wadecki Panosky DeGaetano  
Rodolico  
AYE  
EXCUSED  
ABSTAIN  
Thorne Codding  
V.  
1.  
DIRECTOR OF HUMAN RESOURCES UPDATE  
Director of Human Resources update.  
Marisa Iannella Rodriguez, Human Resource Director was excused due to mediations. Mayor Fred  
Allyn III gave a brief report to answer a question the Board had for Ms. Iannella Rodriguez  
regarding the word "confidential" printed across the USI paperwork. Although it is referred to as  
confidential, the contents are within FOIA guidelines. Ms. Iannella Rodriguez offered to print hard  
copies to be passed out at the beginning of the meeting and given back to her when the meeting  
adjourns. Mayor Allyn added that the only information that may have any level of concern are  
birthdates, there are no social security numbers listed.  
DISCUSSED  
RESULT:  
VI.  
1.  
FINANCE DIRECTOR'S REPORTS  
Finance Director’s Report.  
Matt Bonin, Finance Director reported that he received an email from Chris Rowlings, Fiducient  
Advisors containing the performance flash report for the month of February as well as the  
closing balances as of March 15, 2024. Mr. Bonin forwarded the reports to the Board for review.  
DISCUSSED  
RESULT:  
VII. OLD BUSINESS  
Motion to APPROVE a monthly retirement benefit for Jean Dutton in the amount of $1305.38 in  
1.  
the form of a 50% Joint & Survivor annuity effective April 1, 2024.  
Mr. Thorne asked if the School Nurses have their own contracts. Mayor Fred Allyn III answered  
that the school nurses are part of a unionized labor group.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
William Thorne  
SECONDER:  
5
1
Thorne Codding Wadecki Panosky DeGaetano  
Rodolico  
AYE  
EXCUSED  
Discussion on a review of applicable labor contracts and retirement documents for Town of  
Ledyard employee groups with applicability to retirement eligibility and benefits continued.  
2.  
Review of Retirement Plan amendments, see attachments.  
Mr. Thorne started by saying the last time that the "Retirement Plan for Full-Time Employees of  
the Town of Ledyard" was restated was in 2012. There was a minor amendment to it, also  
completed in 2012. Mr. Thorne said the idea is to be an overarching instruction however it  
doesn't get updated when there is a change to a union plan for example, the 130% calculation for  
the Police is not in the defined benefit, nor should it be duplicated here but rather the union  
contract should be referenced by the union number and date referring the latest contract. The  
plan would need to be updated each time a union contract is amended unless it is updated to read  
something similar to "see current union contract". Mr. Thorne added that it's a very worthy  
guiding document. Some unions refer to this document since they don't have specific retirement  
information in their own contracts. Also, USI also uses this as a guiding document. Mr. Thorne  
added that there was an amendment made in 2012 that was never actually added to the document  
but rather hangs separate from it. He would like to incorporate the separated amendment to be  
contained within the document.  
Mr. Thorne offered to put together a draft to change the title to be more precise, refer to the  
union contracts and to incorporate the separated amendment(s) within the document. Mr. Thorne  
would like to have USI review the draft; Ms. Wadecki agreed that their review would be  
beneficial.  
On a different subject Mr. Thorne said during the January meeting the Board spoke briefly about  
the Police Union Contact, Appendix A:  
No later than January 31, 2025, the Town and the Union will convene a working group  
comprised of two management representatives and two union representatives to  
discuss the  
viability of Connecticut's Municipal Employee Retirement System 2.0 ("CMERS 2.0").  
At no time  
will these discussions be considered negotiations under the Municipal Employee  
Relations Act  
("MERA") and they will not be subject to the impasse resolution procedures under  
MERA. In  
addition, this Section shall not be subject to the grievance procedure of this Agreement.  
Nothing  
in this Section prohibits either party from making any proposals related to this issue  
during  
negotiations of a successor to this Agreement.  
Mr. Thorne asked for clarification. Mayor Fred Allyn III said that the Police Union was possibly  
interested going back to MERs. The Town expressed collectively that it is not interested in going  
back to MERs. The reformulated MERs plan is supposed to be superior. The Town would like to  
wait and see from a funding and from a return standpoint if the plan has improved. There is no  
obligation from the Retirement Board to make a move to MERs. It was said that moving to  
MERs was not in the best interest of the Town, however the Police Union is free to form a  
working group to discuss the viability of MERs.  
DISCUSSED  
RESULT:  
Any Other Old Business to come before the Board.  
None.  
3.  
VIII. NEW BUSINESS  
Motion to APPROVE monthly retirement benefit for Scott Petersen in the amount of $2,516.49  
1.  
in the form of a modified cash refund annuity effective February 1, 2024.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
William Thorne  
SECONDER:  
5
1
Thorne Codding Wadecki Panosky DeGaetano  
Rodolico  
AYE  
EXCUSED  
Motion to APPROVE payment of USI invoice #90092523, dated January 31, 2024, in the  
amount of $800.00, for benefit calculations for Jean Dutton and Sharon Dutra ($400.00 for each  
calculation).  
2.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
William Thorne  
SECONDER:  
5
1
Thorne Codding Wadecki Panosky DeGaetano  
Rodolico  
AYE  
EXCUSED  
Motion to APPROVE payment of USI invoice #90093033, dated February 29, 2024, in the  
amount of $400.00, for benefit calculations for Scott Petersen.  
3.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
William Thorne  
SECONDER:  
5
1
Thorne Codding Wadecki Panosky DeGaetano  
Rodolico  
AYE  
EXCUSED  
Any other New Business to come before the Board.  
None.  
4.  
IX.  
ADJOURNMENT  
Motion to ADJOURN the Regular Meeting at 10:28 a.m.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
William Thorne  
SECONDER:  
AYE  
5
1
Thorne Codding Wadecki Panosky DeGaetano  
Rodolico  
EXCUSED  
DISCLAIMER: Although we try to be timely and accurate these are not official records of the  
Town.