Vermont State Employees' Retirement System (VSERS)

The Vermont State Retirement System (VSRS) is the public pension plan provided by the State of Vermont for State employees. It was created in 1944 and is governed by Vermont Statute Title 3, Chapter 16. The system has undergone several major changes over the years, including merger of the State Police and Motor Vehicle Inspectors' Retirement System, benefits and contribution reform in 1972, creation of a non-contributory retirement plan for rank-and-file state employees in 1981. In 1990 the Legislature mandated a return to a contributory system effective January 1, 1991 with full implementation by January 1, 1995. The membership as of June 30, 2013 is:

  • 8,158 active
  • 796 inactive
  • 741 terminated vested
  • 5,795 retired
NOTICE: Change in medical plan administrator announced for members of State retirement system

Learn More About Specific Group Plans

Learn more about plan changes for Group F members hired after July 1, 2008. More

  • Group D for judges
     
  • Group C for state law enforcement officers
     
  • Group A original retirement plan which some members elected to remain in, and predecessor to plan F
     
  • Defined Contribution for exempt state employees
     
  • 457 Plan, a Deferred Compensation supplemental savings and investment plan for your retirement

The Board of Trustees is responsible for the administration of the system, which includes the management of the assets of the retirement fund as well as the administration of the benefits and record keeping for the membership. The market value of the fund was $1,378 million as of June 30, 2012, compared with $1,380 million as of June 30, 2011. The system paid $90.2 million in retirement benefits during fiscal year 2012.

Meeting Notices, Agendas and Minutes

Learn who your VSERS board members are and get details on upcoming meeting dates and minutes. More

Retirement Planning Seminars

The Retirement Office conducts regularly scheduled informational seminars around Central Vermont to assist VSRS members with information about their eventual retirement.