Old Saybrook Pension and Benefits Board Regular Meeting
The board reviewed pension and benefit reports, including retiree payroll data and specific efforts regarding the recovery of overpayments for deceased plan participants. Discussions covered active employee retirement plan statistics, current balances for defined benefit and contribution plans, and outreach strategies to increase employee participation in employer matching programs. Additionally, the meeting featured a detailed presentation on the pension portfolio's performance and asset allocation in the context of current economic conditions, including interest rate volatility, inflation, rising oil prices, and bond market trends.
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Town of Old Saybrook Board of Finance Meeting Minutes
The board received reports from the Treasurer and the Finance Director regarding the town's financial status. The First Selectman provided updates on upcoming referendums, the Waterfront Commission, the Ferry Road Field Project, the solid waste contract, and a library walk-through. The board conducted an executive session before adjourning.
Aug 25, 2026·Board meeting
Old Saybrook Town Meeting Special Town Meeting
The meeting focused on the appropriation and movement of surplus fiscal year funds for various municipal projects. Key actions included approving funds for Saybrook Point architectural and renovation services, a municipal brand launch, paving the transfer station, controlling invasive species in town parks, purchasing waste receptacles, acquiring a new Freightliner truck for the Public Works Department, transferring funds for long-term liabilities and engineering costs, and providing a town match for a recreational trails grant.
Aug 18, 2026·Board meeting
Town of Old Saybrook Board of Finance Meeting Minutes
The Board received a presentation regarding the Town's pension plan investment philosophy and current performance metrics. Reports were provided by the Treasurer and the Finance Director. The Board approved the appropriation of funds for the Board of Education Capital Sinking Fund and a capital non-recurring fund, with both items forwarded to a Town Meeting for consideration. Additionally, the Board authorized a town match for the DEEP Trails reimbursable grant. Updates were provided on various municipal infrastructure projects, and the Board acknowledged the transition of the Finance Director.
