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Office of the State Treasurer
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Position Papers and Studies
Treasurer's Office reports and studies on issues affecting State finances and Retirement Systems.
Date | Name |
| 06/16/06 | Retirement Savings Plan Proposal
The Vermont Voluntary Retirement Savings Program Proposal describes the voluntary retirement savings plan option for employers and employees, or self-employed Vermonters, sponsored by the State of Vermont at no cost to taxpayers. A very large percentage of Vermonters are not currently saving for retirement. Taxpayers will bear the ultimate responsibility for seniors with insufficient savings. People will save if simple retirement plans are available. By providing a simplified, inexpensive, high-quality and safe retirement plan option for small employers, employees, and self-employed Vermonters, we can increase critical savings for retirement.
Retirement Savings Plan Background Presentation |
| 03/14/06 | State of Vermont Government Accounting Standard No. 45
Presentation given on March 14, 2006, by Buck Consultants, The State's Consulting Actuary. |
| 11/15/05 | Report of the Commission on Funding the Vermont State Teachers' Retirement System
The 2005 General Assembly created the Commission to make recommendations for funding an adequate, sustainable, and actuarially sound retirement benefit plan for Vermont teachers. The report and recommendations were submitted to the Governor and the Generally Assembly in November 2005.
See Press Release 5/19/06, "Funding for State Teachers' Retirement System is Back on Track." |
| 02/24/04 | Use of GARVEE Bonds to Meet Vermont's Transportation Funding Needs
For many years, states, municipalities, and authorities have raised funds by issuing grant anticipation notes (GANs), which allow governmental entities to fund projects based on anticipated future revenues. GARVEEs employ federal highway funds in the same way--to repay the debt for road and transit projects. A GARVEE is a debt-financing instrument that permits the pledge of future federal highway funds to repay investors. A state may use future obligations of federal-aid funds to reimburse the retirement of principal and payment of interest, issuance, insurance, and associated other costs for the sale of an eligible debt-financing instrument.
GARVEE Overview Presentation |
| 02/16/04 | A Survey of Economically Targeted Investments: Opportunities for Public Pension Funds
This report was prepared for the State Treasurer in response to a request by the legislature. Specifically, the State Treasurer was asked to conduct a review of how, and to what degree, other states and governmental entities invest pension fund assets in in-state venture capital funds and other investment opportunities so as to promote economic growth and job creation. |
| 12/10/03 | Pension Funds Unitization Proposal
To invest the assets of the State Teachers' Retirement System, the Vermont State Retirement System, and the Vermont Municipal Employees' Retirement System in a manner that is more cost and resource-efficient than under current practice and that improves the oversight and management of the three systems' assets. |
| 09/07/03 | NAST Resolution on Enhancing Corporate Governance
Urging the U.S. Securities and Exchange Commission, the U.S. stock exchanges, and publicly-traded corporations to adopt and place into practice additional policies in order to enhance the shareholder value of U.S. corporations. |
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