The Retirement Board oversees the investment and administration of the Town’s Defined Benefit Retirement Pension Plan, the Defined Contribution Plan, and other non-mandatory or elective post-employment benefit plans for all eligible Town of Ledyard and Board of Education employees.
The Board consists of five voting members, three non-voting ex-officio members: the Town Director of Finance, one member of the Town Council, and one Town employee who is a participant in the Retirement Plans, and two alternate members who have voting rights when filling in for a regular voting member.
The Board develops investment policy for Plan assets and engages investment advisors to manage the assets of the Pension Plan. They annually report to the Town Council on the Pension and DC Plan asset performance, estimated required Plan funding, employee contributions, and disbursements. The Board approves all pension benefits and expenses of the Retirement Plans.
Third Tuesday of the month at 9:00 a.m. in the Town Hall Annex