[HISTORY: Adopted by the Town Meeting of the Town of Easton as indicated in article histories. Amendments noted where applicable.]
[Adopted 3-25-1980 as Title XB of the 1980 Code of Ordinances]
The First Selectman is hereby authorized to execute on behalf and in the name of the Town of Easton any and all agreements with the State Retirement Commission relating to participation by the Town of Easton in the Old Age and Survivors Insurance System under Title II of the Social Security Act, as amended, in accordance with and subject to the provisions of §§ 7-452 to 7-459 of the General Statutes, and subject to the regulations promulgated by the State Retirement Commission pursuant to said statutes.
[Adopted 4-15-1982 (Title XA of the 1980 Code of Ordinances)]
There shall be a Pension and Employee Benefit Commission which shall consist of the First Selectman or his nominee and seven appointed electors of the Town of Easton, who shall be appointed by the Board of Selectmen. The term of said appointments shall be as follows:
Upon the expiration of each of the original terms referred to above, each appointment shall be for a term of four years. No more than five members of said Commission shall be of the same political party.
The Board of Selectmen shall appoint individuals knowledgeable in the field of pension benefits, employee fringe benefits, personnel management or labor relations.
The Pension and Employee Benefit Commission shall:
Administer the Town Pension Plan.
Make recommendation concerning the investment of pension funds.
Supervise distribution of pension benefits to retiring employees.
Review the acutarial assumptions of the Town Actuary.
Inform employees concerning their specific pension benefits at retirement.
Make specific recommendations concerning the group health insurance, accident insurance, sickness-disability insurance, major medical insurance and other fringe benefits to be provided Town employees.
Establish an employee benefit manual.
Assist and advise the Town of Easton concerning the negotiation of employee contracts.