Stonington - A town meeting has been slated for 7 p.m. on Aug. 26 at Stonington High School for residents to vote on changing the pension plan for newly hired town employees and increasing mooring fees in Stonington Harbor.
The town is switching from a defined benefit plan to a defined contribution plan for nonunion town employees. The town also plans to negotiate the change with unions when their contracts come up for renewal.
Current employees will continue to have the defined benefits pension plan, as the change would only be for those hired after Sept. 15.
Director of Finance Maryanna Stevens said the change would fix the amount the town has to contribute to the plans each year while giving employees a choice about how to invest their money.
Residents will also be asked to approve a proposal by the Stonington Harbor Management Commission to increase the annual mooring fee from $20 to $50.
- Joe Wojtas