[Adopted 5-2-1990 STM]
The Town of Putnam Pension Committee shall consist of five members appointed by the Mayor upon advice and consent of the majority of the Board of Selectmen, plus the Mayor, who shall be an ex-officio voting member, and all such members shall serve two-year terms contemporaneous with the Mayor's term. The committee shall administer the Town pension plan pursuant to the provisions of Section 7-450 of the Connecticut General Statutes. Pursuant to 7-450A, no ordinance altering the pension or retirement system shall be enacted until the legislative body has requested, received and approved a qualified cost estimate from an enrolled actuary.