Vermont State Retirement System (VSRS)

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 membership as of June 30, 2007 is:

• 8,411 active
• 935 inactive
• 790 terminated vested
• 4,399 retired

There are five plans or groups:

• Group F for state employees
• 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

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 $1,389 million as of June 30, 2007, compared with $1,217 million as of June 30, 2006. The system paid $61.4 million in retirement benefits during FY 2007.

Meeting Notices, Agenda and Minutes

Retirement Planning Seminars

The Retirement Office conducts regularly scheduled informational seminars around Central Vermont to assist VSRS members with information about their eventual retirement. Click here for the current schedule.

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.

H.403 – Comprehensive Group F COLA Proposal

A Proposed Act Relating to Postretirement Cost of Living Adjustments for State Employees