Public Retirement Study Committee

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

Reports 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

Green Mountain Secure Retirement Plan

For information regarding the Green Mountain Secure Retire Plan, please click here

Resources

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)

Treasurer Pearce statement in response to Governor Scott Signing S.135

Small Businesses & Retiremnt Readiness: Vermont Embraces a Multiple Employer Plan Approach - Georgetown Center for Retirement Initiatives 

Joint letter to Congressional Leaders (regarding H.J. Res. 66 and H.J. Res. 67) - February 14, 2017

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: Statement for the Record, U.S. Senate, Health, Education, Labor and Pensions Committee

ACLI: Role of Life Insurers

AARP Fact Sheet: Vermont

Materials from 8/26/2016 Meeting

Agendas & Meeting Minutes

Questions regarding upcoming meeting dates may be addressed to Tim Lueders-Dumont at (802) 828-1451 or via email at tim.lueders-dumont@vermont.gov.

Agenda                          Minutes

11/21/2017                                    11/21/2017 (Including draft timeline/work plan)

09/27/2017                                    09/27/2017

03/20/2017                                    03/20/2017
12/28/2016                                    12/28/2016
12/20/2016                                    12/20/2016
11/23/2016                                    11/23/2016
10/11/2016                                    10/11/2016
10/05/2016                                    10/05/2016
08/26/2016                                    08/26/2016
01/08/2016                                    01/08/2016
01/06/2016                                    01/06/2016
12/10/2015                                    12/10/2015
11/16/2015                                    11/16/2015
10/01/2015                                    10/01/2015
09/03/2015                                    09/03/2015
01/14/2015                                    (meeting did not take place due to a lack of quorum)
12/19/2014                                    12/19/2014
11/26/2014                                    11/26/2014

 

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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