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.
- Domestic Proxy Voting Policy Statement & Guidelines
- International Proxy Voting Policy Statement & Guidelines
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 January 31, 2017.
- VPIC Investment Policy
- VPIC Operating, Standards of Conduct and Education Policy
- VPIC Environmental, Social and Governance Policy
- VPIC Policy on Investments in Terrorist or Genocide Linked Countries: Policy# 3-006
- Vermont Manager Program: Policy #1-009
- VPIC Watch List Policy
If you have trouble finding any VPIC policy information please contact us at TRE.VPICInquiries@vermont.gov or call (802)-828-3668.