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The Board voted unanimously 5-0 to formally create the Pension Plan Committee and appoint Finance Director Kimi Cheng to a five-year term ending January 13, 2032. The committee will review the pension plan and begin updating documents that date to 2003.
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The appointment gives Granby’s pension plan a designated committee member and starts a review of the town’s pension documents for compliance with current requirements. The Board also discussed possible shared services and reviewed May finances, including $770,836 in Special Education Excess Cost Grant funding received so far this fiscal year, about $183,000 above budget. No decision was made on whether proposed bond questions will go to a September referendum or be combined with the November election.
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