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.