The Public Retirement Study Committee, chaired by the State Treasurer, began meeting in November 2014 to collect and evaluate data to examine the need for a state-wide public retirement plan.
Study Committee Members
- Beth Pearce, Chair, Vermont State Treasurer
- Monica Hutt, Commissioner, Vermont Department of Disabilities, Aging & Independent Living
- Lindsay Kurrle, Commissioner, Vermont Department of Labor
- Robert Hooper, Appointed by the legislative Committee on Committees
- Rebecca Towne, Appointed by the legislative Committee on Committees
- Russ Bennett, Appointed by the Speaker
- Dan Boardman, Appointed by the Speaker
- Lindsay DesLauriers, Appointed by the State Treasurer
Report and Legislation
Act 69 passed in 2017 is the current Act of jurisdiction. The section of Act 69 concerning the Green Mountain Secure Retirement Plan is linked here.
In 2014 the committee was charged with completing an interim study of the feasibility of establishing a public retirement plan. Since then, two reports have been completed and are posted below. In 2016 the enabling legislation was amended and is linked here Act 157. During the 2017 Legislative Session the General Assembly further amended Act 157 and passed S.135 (Act 69). Highlights of the "Green Mountain Secure Retirement Plan" proposal as passed in Act 69 of the 2017 Legislation Session are linked here.
2016 Report - Interim Study of the Feasibility of Establishing a Public Retirement Plan
2015 Report - Interim Study of the Feasibility of Establishing a Public Retirement Plan
2014 Report - Interim Study of the Feasibility of Establishing a Public Retirement Plan
Multiple Employer Plans, An Overview of Legal, Regulatory and Plan Design Considerations for States - Center for Retirement Initiatives, Georgetown University, August 2017
Secure Choice 2.0: States Blazing a Path to Retirement Security For All - National Conference on Public Employee Retirement System, August 2017
Small Businesses & Retirement Readiness: Vermont Embraces a Multiple Employer Plan Approach - Blog Post, State Treasurer Beth Pearce
"Vermont Embraces a Multiple Employer Plan Approach"- Center for Retirement Initiatives, Georgetown University (Webinar)
Center for Retirement Initiatives, Georgetown University: Comparison of Retirement Plan Design Features by State, June 2016
Center for Retirement Initiatives, Georgetown University: Closing the Coverage Gap, June 2016
State Treasurer's Office Presentation on Retirement Savings, February 2015
U.S. Department of Labor Fact Sheet: State Savings Programs for Non-Government Employees
Hon. Kathleen Kennedy Townsend: Presentation on State Retirement Initiatives-Out of Crisis Comes Opportunity
ACLI: Role of Life Insurers
Agendas & Meeting Minutes
Questions regarding upcoming meeting dates may be addressed to Tim Lueders-Dumont at (802) 828-1451 or via email at firstname.lastname@example.org.
01/14/2015 (meeting did not take place due to a lack of quorum)