741 Colonel Ledyard Highway  
Ledyard, Connecticut 06339  
TOWN OF LEDYARD  
Retirement Board  
Meeting Minutes  
Chairman  
John Rodolico  
Regular Meeting  
Tuesday, April 16, 2024  
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  
Board Member Sharon Wadecki  
Chairman John Rodolico  
Present  
Board Member Daniel Panosky  
Alternate Member Minna DeGaetano  
Board Member Roger Codding  
Excused  
Also in attendance:  
Naomi Rodriguez, Town Council Chairperson.  
Staff Present:  
Matt Bonin, Finance Director  
Marisa Iannella Rodriguez, Human Resource Director  
Ian Stammel, Assistant Finance Director  
Christina Hostetler, Town Hall Assistant  
Staff Excused:  
Mayor Fred Allyn III  
Minna DeGaetano was appointed as a voting member.  
III.  
PRESENTATIONS  
Naomi, Chairman of the Town Council started the meeting by saying that April is National  
Volunteer Appreciation Month and on behalf of the Town Council she would like to thank the  
members of the board for volunteering their service to the Town. Ledyard has about 200  
volunteers and without them the Town would not be able to function. Chairman Rodolico  
thanked Councilor Rodriguez for her service as well.  
IV.  
1.  
APPROVAL OF MINUTES  
Motion to APPROVE Regular Meeting Minutes from March 19, 2024, as written.  
APPROVED AND SO DECLARED  
Sharon Wadecki  
RESULT:  
MOVER:  
Daniel Panosky  
SECONDER:  
5
1
Thorne Wadecki Rodolico Panosky DeGaetano  
Codding  
AYE  
EXCUSED  
V.  
1.  
DIRECTOR OF HUMAN RESOURCE UPDATE  
Director of Human Resources update.  
No Human Resource report this month.  
VI.  
1.  
FINANCE DIRECTOR'S REPORT  
Finance Director’s Report.  
No Finance Director's report this month.  
VII. OLD BUSINESS  
Discussion on a review of applicable labor contracts and retirement documents for Town of  
1.  
Ledyard employee groups with applicability to retirement eligibility and benefits continued.  
Mr. Thorne said he has been focusing on the Town defined benefit plan, which has several  
appendixes. He has been comparing what is contained in the appendixes with what is written in  
the Union contracts. Some of the Union contracts reference the document directly, other  
contracts give detailed plan information within the contract. Mr. Thorne would like to have USI  
review the document when the Board is ready. He asked if the Board would pay USI to review  
the Town Document with pension funds? Matt Bonin, Finance Director strongly suggested using  
pension funds, Ms. Wadecki agreed that usage of pension funds would be appropriate. Mr.  
Thorne said he will have a draft to review during the May meeting.  
Any Other Old Business to come before the Board.  
2.  
VIII. NEW BUSINESS  
Motion to APPROVE payment of invoice #609_03312024, to Fiducient Advisors, dated March  
1.  
26, 2024, in the amount of $12,475.39, for consulting costs for the Town of Ledyard Defined  
Benefit Pension Plan for the billing period January 1, 2024, to March 31, 2024.  
APPROVED AND SO DECLARED  
John Rodolico  
RESULT:  
MOVER:  
Sharon Wadecki  
SECONDER:  
5
1
Thorne Wadecki Rodolico Panosky DeGaetano  
Codding  
AYE  
EXCUSED  
Any other New Business to come before the Board.  
None.  
2.  
IX.  
ADJOURNMENT  
Motion to ADJOURN the Regular Meeting at 10:15 a.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.