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New Canaan pension committee approves retirement benefits and plan expenses; reports $173.8 million market value
Summary
The New Canaan Pension Committee on March 18 approved minutes, pension payments for two terminating or retiring employees and plan expenses tied to the 7/1/2024 actuarial valuation, and received a market-value update of $173,776,326.75.
The New Canaan Pension Committee met March 18 and unanimously approved meeting minutes, pension payments for two retiring or terminating members, and plan expenses related to the 07/01/2024 actuarial valuation. The committee also received an updated market-value report showing $173,776,326.75 in plan assets.
The committee approved the February 11 meeting minutes by unanimous vote. The panel then reviewed two benefit calculations: Rosanna Dapani, who had 17.75 years…
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