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Ledyard retirement board approves benefits and vendor invoices, 3‑0
Summary
During its June 16 meeting the Ledyard Retirement Board approved the minutes of May 19, a monthly retirement benefit payment, and several vendor invoices (USI, Fiduciary Advisories, Robinson & Cole); voice votes were recorded as 'Aye' and motions carried unanimously as entered in the minutes.
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The Ledyard Retirement Board took several routine motions and approved payments during its June 16 meeting.
Minutes: The board approved the minutes of the May 19, 2026 meeting after a clerical correction concerning a date entry; the motion passed 3‑0.
Retirement benefit: The board approved a monthly retirement benefit for Arlan (transcript also shows the spelling 'Arlin') Davis in the amount of $841.50 effective 07/01/2026, payable as a modified cash‑refund annuity based on service and earnings through the retirement date. The motion carried by voice vote.
Vendor invoices and professional fees: The board approved payment of the following invoices by voice vote: - USI invoice 90125730 (date as recorded in the minutes) in the amount of $800 for benefit calculations for Carol Patterson and Arlan/Arlin Davis. - A quarterly fee to Fiduciary Advisories (invoice dated 06/11/2026). The meeting transcript records the amount in unclear phrasing as "1,013 thousand $235.14"; the board approved the payment as entered in the meeting materials. - Robinson & Cole invoice dated 06/04/2026 in the amount of $2,750 for legal services; Thorn said this falls within an already‑approved authorization up to $5,000 for such work.
All motions to pay vendors and to approve the benefit payment were seconded and approved by voice; the transcript records 'Aye' votes and the Chair announced the motions passed. The meeting adjourned after those actions.
Notes on transcription and verification: the transcript includes inconsistent name spellings for the retiree ("Arlan" and "Arlin") and an ambiguous numeric reading for the Fiduciary Advisories invoice (quoted directly above). Those items should be verified against the original invoices and board paperwork for publication or formal recordkeeping.
