Trustees are responsible for investment oversight and asset allocation of the funds and, with the help of the funds’ actuaries and financial advisors, for setting actuarial assumptions and recommending the monetary contributions needed from the town to meet these assumptions and fund benefits to eligible employees and eligible fire & ambulance personnel. The Trustees complete an annual review and adoption of the Investment Policy Statement (IPS) which establishes the investment objectives and policies applicable to the management of the plans. The Trustees review the performances of the portfolios from the financial advisors on a quarterly basis and hold an annual meeting in January and July. The Trustees are responsible for ongoing review of the plan documents. The Trustees may call special meetings as needed.

Members

Municipal Employee Defined Benefit Pension Plan Trustees

  1. Current First Selectman, Nancy Gorski
  2. Current Chair of the Board of Finance, Robert Rimmer
  3. Former Chair of the Board of Finance, Gwenne Celmer

Killingworth Volunteer Fire Company and Ambulance Association Service Recognition Plan Trustees

  1. Current First Selectman, Nancy Gorski
  2. Senior Trustee of the Killingworth Volunteer Fire Company, Richard Darin
  3. Current President of the Killingworth Ambulance Association, Daniel O’Sullivan

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