[Ord. of 6-13-2022]
Non-union employees, excluding employees of the Board of Education, commencing employment on or after July 1, 2022, shall be enrolled in a defined contribution retirement plan authorized by Internal Revenue Code § 401(a) (the "plan"). Such employees shall not be eligible to participate in the defined benefit pension plan established by Special Act No. 117, approved June 6, 1963, codified at §§ 2-33 through 2-49. All non-union employees commencing employment on or before June 30, 2022, shall be enrolled in the defined benefit pension plan established by Special Act No. 117, approved June 6, 1963, codified at §§ 2-33 through 2-49. Non-union employees, excluding the Board of Education, commencing employment on or before June 30, 2022, shall be eligible for such amended defined benefit as approved by the Town Council on January 24, 2022. Union employees may be eligible for the defined contribution plan [401(a)] through collective bargaining.
[1]
Editor's Note: Former § 2-23, Elections; time of taking office, was repealed by Ord. of 8-16-1984.
[Ord. of 6-13-2022]
Said 401(a) plan shall be created by the Town and a plan program (the "program") developed and administered by a qualified plan administrator so as to qualify for favorable tax deferral treatment as permitted by IRC § 401(a). Such operational, contribution, investment and benefit distribution terms and conditions shall be those as are required to qualify and remain qualified as an IRC 401(a) plan, and the plan's operation shall be supervised by the Town Council with the advice of the Pension Committee and Director of Finance.
[Ord. of 6-13-2022]
Non-union employees who commenced work on or after July 1, 2022, shall be eligible for the 401(a) retirement plan and shall have the right to participate on such terms and conditions as the program requires such that the plan stays qualified. An employee shall be fully vested in the plan after five years of continual service.
[Ord. of 2-1-1952]
(a) 
The Town, acting by its Board of Selectmen, is hereby directed, empowered and authorized to apply for membership and participation in the old-age and survivors insurance under Title II of the Social Security Act, as amended, in accordance with Public Act No. 277 of the 1951 Public Acts of the State of Connecticut, for all of its employees, with the exception of the employees excluded by Section 3 of such Act.
(b) 
The Board of Selectmen of the Town is hereby directed, empowered and authorized to execute, on behalf of and in the name of the Town, any and all agreements with the State Employees' Retirement Commission for the purpose stated in the resolution adopted at the same time as the ordinances from which this section is derived, in accordance with and subject to the provisions of Public Act No. 277, and subject to the regulations promulgated by the State Employees' Retirement Commission pursuant to said Act.
(c) 
The First Selectman of the Town is hereby directed, empowered and authorized to make deductions from the wages of the employees participating in said old-age and survivors insurance, as required by Section 4 of Public Act No. 277, and to forward the amount or amounts aforesaid, together with the like amount of contribution or contributions of the Town, to the State Employees' Retirement Commission in the manner and form as prescribed by said regulations.
(d) 
The Board of Selectmen shall cause any agreement between the Town and such State Employees' Retirement Commission, if and when accepted by the Commission, to be made retroactive to January 1, 1951.
(e) 
The Board of Selectmen of the Town is hereby directed, empowered and authorized to pay to the State Employees' Retirement Commission such certain sum or sums of money, from time to time, as will be determined by the Commission to meet the cost of the administration of said Act. Such cost to the Town shall be its proportionate share in relation to all the Towns participating in such system, provided that the Town elects to apply and is accepted into the Commission.