Summary

Retirement Board approves retiree benefit and vendor payments; DB plan revision discussed

LedyardMar 17, 20262 min read

At a glance

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At the March 17, 2026 Retirement Board meeting, members approved meeting minutes, two vendor payments, and a monthly retirement benefit for Richard McSwain. The Board discussed revisions to the Town Defined Benefit Plan but took no action. Meeting adjourned at 10:07 a.m.

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Retirement Board

Topics discussed

LaborBudget & Tax

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Key decisions

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Approved Regular Meeting minutes from January 20, 2025 (vote: AYE 4).
Approved payment of Robinson & Cole invoice #50534113 (dated Feb 11, 2026) in the amount of $100 for legal services related to the Defined Benefit Plan (vote: AYE 4).
Approved a monthly retirement benefit for Richard McSwain of $3,288.07, effective March 1, 2026, payable as a Modified Cash Refund Annuity, based on his service and earnings through the retirement date (vote: AYE 4).
Discussed the Retirement Plan for Full‑Time Employees of the Town of Ledyard (Defined Benefit Plan) revision update; no action taken.
Approved payment of Fiducient Advisors invoice #609_03312026 (dated Mar 11, 2026) in the amount of $13,235.14 for annual consulting costs for the Town Defined Benefit Pension Plan for Jan 1–Mar 31, 2026 (vote: AYE 4).
Adjourned the meeting at 10:07 a.m. (vote: AYE 4).

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Meeting information

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