What is Defined Contribution
The Defined Contribution retirement plan is available to exempt state employees and some municipal employees. Fidelity Investments is the administrator of this retirement plan. From their web page, you can access information on Fidelity and your account, use web-based learning workshops, and utilize retirement planning tools. If you are a current or prospective member of this retirement plan, please see the Fidelity web page at www.mysavingsatwork.com.
Medical and Life Insurance
Exempt state employees in the Defined Contribution plan may continue their medical insurance, dental and life insurance policies into retirement under certain eligibility criteria, but only if they request the insurance before their retirement date (date of separation from state employment). If you are planning to retire in the near future, please call the Retirement Office at 828-2305 or toll-free from within Vermont at 1-800-642-3191 to learn more about these insurance benefits during retirement.