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New Canaan pension committee unanimously approves vested benefits and $31,410 in actuarial fees
Summary
At a Nov. 19 special meeting, the Town of New Canaan Pension Committee approved monthly vested benefits for four former employees, authorized $31,410 in USI actuarial services for July–September 2025 and heard a market-value update reporting the fund at about $190.7 million.
The Town of New Canaan Pension Committee met in special session on Nov. 19, 2025, and unanimously approved a set of vested monthly benefits for several retiring or terminated employees and $31,410 in actuarial services for the quarter ending Sept. 30, 2025.
Committee staff presented individual vested benefit amounts for Joanne Gerardi ($521.22 monthly), Ben Buckner ($4,825.08 monthly), firefighter Mike Sosai ($7,129.82 monthly) and Joe Lucas ($5,396.01 monthly). After a call for questions, a member moved…
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