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Investment Policies

Proxy Voting Policy 

This document sets forth the proxy voting policy and guidelines of the Vermont State Treasurer's Office and Vermont's three state-sponsored defined benefit pension funds. All investment managers for Vermont responsible for the voting of our owned common stock are expected to take the following proxy voting policy and guidelines into consideration before making proxy voting decisions.

We expect our investment managers to vote our proxies solely in the best interest of plan participants and beneficiaries, and Vermont citizens. Investment managers are expected to act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

VPIC Investment Policy Statement and Other VPIC Policies

The Vermont Pension Investment Committee (VPIC) Investment Policy Statement is designed to clearly communicate the investment policy, processes and philosophy of the VPIC. The Policy Statement was approved on October 29, 2009 and is reviewed annually by the Committee. Pension fund investments are made in full accordance with the Policy Statement and all applicable State and federal law and regulation.  Investment Guidelines for each of the VPIC’s investment managers are included in each applicable investment management agreement that are available upon request.

If you have trouble finding any VPIC policy information please contact us at or call (802)-828-3668.