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New Canaan pension committee approves benefits for seven terminating employees
Summary
The New Canaan Funded Retirement Plan pension committee approved monthly benefits or returns of contributions for seven terminating or retiring employees at its Sept. 9 meeting and clarified eligibility for early retirement and lump‑sum withdrawals.
The New Canaan Funded Retirement Plan pension committee approved benefits for seven terminating or retiring employees at its Sept. 9 meeting. The approvals cover monthly vested pensions for six employees and a lump‑sum return of contributions for one Board of Education employee who elected to withdraw funds rather than defer to a future retirement date. Committee discussion focused on eligibility details for early retirement under certain labor contracts and the mechanics of a return of contributions. The committee approved monthly vested benefits for Doriana Antero, a Board of Education employee whose termination date was listed as Aug. 31, 2025; her normal retirement date was listed as April 1, 2024, and staff reported 27.75 years…
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