[Adopted 11-23-1987]
[Amended 3-13-2002]
The Pension and Employee Benefits Board shall be appointed by the Board of Selectmen of the Town of Old Saybrook and shall consist of at least five, but not more than seven members. No employee of the Town of Old Saybrook who is part of the Old Saybrook pension program or employee benefits program shall be a member of said Board. The Board of Selectmen shall appoint one member for five years, one member for four years, one member for three years, one member for two years, and one member for one year. After the expiration of a member's term, the Selectmen shall appoint new members for five-year terms. Vacancies on the Board shall be filled by appointment of a replacement by the Board of Selectmen for the unexpired portion of the term. The members of the Pension and Employee Benefits Board shall annually select one of their members to act as Chair. Members of the Pension and Employee Benefits Board shall serve without compensation for acting as such.
The duties and responsibilities of said Board shall be as follows:
A. 
The Board shall act as the Retirement Board, with the duties and responsibilities established for it under the provisions of the Town of Old Saybrook Retirement Plan, as the same has been revised from time to time to the date of this article.
[Amended 3-13-2002]
B. 
The Board shall be concerned with all matters relating to the benefit and welfare of employees of the Town of Old Saybrook, including, but not expressly limited to, health care, medical and dental insurance, life insurance, sick leave, vacation time, and retirement and pension programs.
[Amended 3-13-2002]
The Town of Old Saybrook hereby confirms the adoption of its comprehensive pension program entitled "Town of Old Saybrook Retirement Plan, as the same has been amended from time to time.
[Added 2-3-1993]
A. 
The duties and responsibilities of the Board shall also include the duty to be concerned with all matters relating to the benefit and welfare of the volunteer fire fighters of the Town of Old Saybrook, and the Board shall be responsible for the general administration and carrying out of the provisions of any retirement plan adopted for the volunteer fire fighters by the Town Meeting.
B. 
The Town of Old Saybrook hereby confirms the adoption of a retirement plan entitled "Town of Old Saybrook, Fire Company No. 1, Retirement Plan," as recommended by the pension and employee benefits board, copies of which are available in the office of the Town Clerk and First Selectman.