[Amended 9-13-72]
All eligible Town employees shall become members
of the Town Retirement Plan on the first day of the month after they
are employed and shall contribute at the rate of 2% of that portion
of their compensation which is subject to social security and 5% on
that portion not subject to social security. Police officers shall
contribute 7% of their compensation.
[Amended 11-25-1969, effective 9-1-1969; 7-26-1990]
All eligible Town employees hired after September
1, 1959, shall become members of the Town Group Insurance Plan upon
completion of two months of continual active service. Upon proper
application, provisions of the Town's health insurance plan are extended
to dependents of eligible employees.
[Amended 9-13-72]
Retirement dates and benefits for policemen
and firemen shall be as prescribed by the applicable labor agreement
for the respective groups. For all other Town employees, the normal
retirement date will be the first of the month on or next following
their 65th birthday. Firemen may continue in active service up to
their 65th birthday; for policemen, the provisions of their labor
agreement applies; all other employees may continue in active service
until their 70th birthday, provided that they are physically able
to perform the full duties of their assigned job in a satisfactory
manner, and provided that the appointing authority approves.
[Added 3-12-86, effective 3-28-86]
In the event that an employee is awarded payments
under Section 7-433c of the Connecticut General Statutes, the total
amounts paid to that person from the Town's retirement plan, including
social security, workers' compensation payments and benefits paid
under Section 7-433c, shall not exceed 75% of the average annual compensation,
as defined in the Town's pension plan, of the person whose services
to the Town resulted in payment of the aforementioned benefits; provided,
however, that if any changes to the Town retirement plan increases
payments to all retirees or classes of retirees, such changes shall
be applied uniformly to all retirees or classes of retirees as the
case may be.