3.Discuss and take action to approve the 2020/2021 Early Retirement Incentive Program (ERIP), Phase II, as prescribed based upon criteria set forth by the Town:
Phase II Criteria: Age and Service must equal 85. Employee must be on the Town’s medical plan, as of 7.1.20 and be at least age 57 and hold a upper level management position. Exit Town service by 7.1.21
Incentive shall be a combination of credited years of service, Medicare Supplement Insurance and Town Insurance based upon the qualifying tier.
4.Discuss and take action to approve amending action taken with September 14, 2020 Item 18, as follows:
Motion to APPROVE amending the Town of Madison Pension Plan in Fiscal Year 2021 for the purposes of allowing for credited years of service for future Early Retirement Incentive Programs with no further action by the Board of Town Meeting under State of Connecticut Executive Order 7JJ.
5.Discuss and take action to approve Line Item Transfers in the amount of $22,836.00.
6.Discuss and take action to authorize First Selectwoman Lyons to apply for and accept, on behalf of the town, a grant from the Neglected Cemetery Account, and that First Selectwoman Lyons is authorized to enter into and execute any and all agreements, contracts and documents necessary to obtain said grant should the town be selected for a grant award.
The Town of Madison does not discriminate on the basis of disability, and the meeting facilities are ADA accessible. Individuals who need assistance are invited to make their needs known by contacting the Town’s ADA/Human Resources Director Debra Milardo at 203.245.5603 or by email to email@example.com at least five (5) business days prior to the meeting.