Pension Funds Investment Guidelines

The Vermont Pension Investment Committee (VPIC) Investment Guidelines are designed to clearly communicate the directives of the VPIC Members to all interested parties. The Guidelines may be revised from time to time, as deemed necessary, and may be annually reviewed to insure relevance to the funds' needs. Any resulting material changes will be communicated to all affected parties. This investment policy will apply to the funds of the VPIC on an aggregate basis.

Pension Fund investments shall be made in full accordance with any and all applicable Vermont statutes, as well as any other applicable legislation or regulation, state, federal or otherwise.

Consolidated Fund Guidelines

Consolidated guidelines were approved by VPIC on February 15, 2006, effective March 1, 2006.

• Section A General Guidelines
• Section B Investment Manager Guidelines
• Section C Standards of Conduct
• Section D Target Allocations
• Glossary of Terms

Fund Guidelines

The Fund Guidelines for the individual pension systems were replaced by the above Consolidated Fund Guidelines effective March 1, 2006.

Other Policies

Other Policy Guidelines Approved by the VPIC Board

• Standards of Conduct: Policy #4-005
• Economically Targeted Investment Program: Policy #2-006
• VPIC Policy on Investments in Terrorist or Genocide Linked Countries: Policy# 3-006