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New Canaan pension committee approves lump-sum payout for terminating employee; plan value reported at $195.2 million
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Summary
The Town of New Canaan pension committee approved a $15,206.86 lump-sum payout for terminating employee Katrina Bruni, noted one deceased member (Emily Pasqua), and reported the plan's market value at $195,225,075.32 — up about $67 million since February.
At its April 14, 2026 meeting, the Town of New Canaan funded retirement plan pension committee approved routine administrative items, including a lump-sum payout for a terminating employee and a market-value report that showed substantial gains since the prior meeting.
A staff member presented one terminating/retiring case: Katrina Bruni, terminated 06/23/2003 with a normal retirement date listed as 11/01/2006 and 1.5 years of credited service. The staff member said Bruni “has chosen to take a lump sum, and her . . . lump sum will be $15,206.86.” The committee moved, seconded and approved the payout.
Staff also reported one deceased plan member, Emily Pasqua, date of death 02/27/2006; because Pasqua had no listed beneficiary, no action was required. The committee reviewed plan expenses and recorded that there were none needing approval at this meeting.
The committee received a market-value update: a staff member said the plan’s market value was $195,225,075.32 and noted that the fund had increased by nearly $67,000,000 since the committee’s February meeting. Members acknowledged the report and moved to adjourn.
The committee approved the items by voice vote, which the chair described as unanimous among those present. No additional funding decisions or changes to overall plan policy were announced at the meeting; staff will process the approved payout and follow normal administrative procedures for notification and disbursement.
