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Establishing Pension And Retirement System For Officers And Employees
70-1
TOWN OF EAST WINDSOR

The following ordinance was adopted at a Special Town Meeting duly warned and held on June 17, 1970:

ORDINANCE ESTABLISHING PENSION AND RETIREMENT SYSTEM FOR OFFICERS AND EMPLOYEES OF THE TOWN OF EAST WINDSOR BE IT ORDAINED:

Section 1.  Pursuant to the provisions of Section 7-450 of the Connecticut General Statutes, as amended, there shall be established in the Town of East Windsor a retirement system for officers and employees and their beneficiaries.

Section 2.  There is created in the Town of East Windsor a pension and retirement board whose members shall be made up of members of the Board of Finance of the Town of East Windsor.  Members of the pension and retirement board shall serve without pay or other remuneration.

Section 3.  The retirement system for officers and employees and their beneficiaries shall be governed by the terms and conditions of the pension plan that the pension and retirement board of the Town of East Windsor deems to be in the best interest of the Town.  In deciding upon a retirement system the pension and retirement board may provide for contributions by employees or have the Town pay the full cost of the plan from general funds of the Town.  The pension and retirement board is authorized on behalf of the town to enter into contract with any insurance company authorized to do business in this state for the purpose of insuring the whole or any part of its retirement plan, may elect to participate in the Connecticut Municipal employees Retirement fund, or may elect to participate in the old-age and survivor insurance system under Title II of the Social Security Act, in accordance with the provisions of Part II of chapter 113 of the General Statutes of the State of Connecticut, revision of 1958 as amended, or may elect any combination thereof. The pension and retirement board may provide for compulsory retirement at an age to be determined.

The foregoing ordinance shall become effective fifteen (15) days after the publication thereof in a newspaper having circulation in East Windsor.

Published in the Journal Inquirer
on June 19, 1970).