Investment Policies

Proxy Voting Policy 

This document sets forth the proxy voting policy and guidelines of the Vermont State Treasurer's Office and Vermont's three state-sponsored defined benefit pension funds. All investment managers for Vermont responsible for the voting of our owned common stock are expected to take the following proxy voting policy and guidelines into consideration before making proxy voting decisions.

We expect our investment managers to vote our proxies solely in the best interest of plan participants and beneficiaries, and Vermont citizens. Investment managers are expected to act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

VPIC Investment Policy Statement and Other VPIC Policies

The Vermont Pension Investment Committee (VPIC) Investment Policy Statement is designed to clearly communicate the investment policy, processes and philosophy of the VPIC. The Policy Statement is reviewed annually and modified as necessary to insure relevance to the VPIC’s needs. Pension fund investments shall be made in full accordance with the Policy Statement and any and all applicable State and federal law and regulation.  Investment Guidelines for each of the VPIC’s investment managers are included in each applicable investment management agreement.   A summary of each of the VPIC investment management contracts is available upon request.

The Investment Policy Statement was approved by VPIC on October 29, 2009 and most recently amended on November 26, 2013

If you have trouble finding any VPIC policy information please contact us at TRE.VPICInquiries@vermont.gov or call (802)-828-3668.

Contact Us

Office of the State Treasurer
109 State Street
Montpelier, Vermont 05609

Main Phone: (802) 828-2301
Toll Free: (800) 253-0191
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