The Public Retirement Study Committee, chaired by the State Treasurer, began meeting in November 2014 to collect and evaluate data to examine the need for a state-wide public retirement plan. It was supplanted by the Green Mountain Secure Retirement Plan Board.
Study Committee Members
- Beth Pearce, Chair, Vermont State Treasurer
- Monica Hutt, Commissioner, Vermont Department of Disabilities, Aging & Independent Living
- Lindsay Kurrle, Commissioner, Vermont Department of Labor
- Robert Hooper, Appointed by the legislative Committee on Committees
- Rebecca Towne, Appointed by the legislative Committee on Committees
- Russ Bennett, Appointed by the Speaker
- Dan Boardman, Appointed by the Speaker
- Lindsay DesLauriers, Appointed by the State Treasurer
Reports and Legislation
Act 69 passed in 2017 wasthe current Act of jurisdiction. The section of Act 69 concerning the Green Mountain Secure Retirement Plan is linked here.
In 2014 the committee was charged with completing an interim study of the feasibility of establishing a public retirement plan. Since then, two reports have been completed and are posted below. In 2016 the enabling legislation was amended and is linked here Act 157. During the 2017 Legislative Session the General Assembly further amended Act 157 and passed S.135 (Act 69). Highlights of the "Green Mountain Secure Retirement Plan" proposal as passed in Act 69 of the 2017 Legislation Session are linked here.
2017 Report - (Submitted January 2018)Interim Study of the Feasibility of Establishing a Public Retirement Plan
2016 Report - (Submitted January 2017) Interim Study of the Feasibility of Establishing a Public Retirement Plan
2015 Report - (Submitted January 2016)Interim Study of the Feasibility of Establishing a Public Retirement Plan
2014 Report - (Submitted January 2015)Interim Study of the Feasibility of Establishing a Public Retirement Plan
Green Mountain Secure Retirement Plan
For information regarding the Green Mountain Secure Retire Plan, please click here.
Resources
Multiple Employer Plans, An Overview of Legal, Regulatory and Plan Design Considerations for States - Center for Retirement Initiatives, Georgetown University, August 2017
Secure Choice 2.0: States Blazing a Path to Retirement Security For All - National Conference on Public Employee Retirement System, August 2017
Small Businesses & Retirement Readiness: Vermont Embraces a Multiple Employer Plan Approach - Blog Post, State Treasurer Beth Pearce
"Vermont Embraces a Multiple Employer Plan Approach"- Center for Retirement Initiatives, Georgetown University (Webinar)
Treasurer Pearce statement in response to Governor Scott Signing S.135
Joint letter to Congressional Leaders (regarding H.J. Res. 66 and H.J. Res. 67) - February 14, 2017
Center for Retirement Initiatives, Georgetown University: Comparison of Retirement Plan Design Features by State, June 2016
Center for Retirement Initiatives, Georgetown University: Closing the Coverage Gap, June 2016
State Treasurer's Office Presentation on Retirement Savings, February 2015
U.S. Department of Labor Fact Sheet: State Savings Programs for Non-Government Employees
Hon. Kathleen Kennedy Townsend: Presentation on State Retirement Initiatives-Out of Crisis Comes Opportunity
ACLI: Statement for the Record, U.S. Senate, Health, Education, Labor and Pensions Committee
ACLI: Role of Life Insurers
Materials from 8/26/2016 Meeting
Agendas & Meeting Minutes
Questions regarding upcoming meeting dates may be addressed to Tim Lueders-Dumont at (802) 828-1451 or via email at tim.lueders-dumont@vermont.gov.
Agenda Minutes
11/21/2017 11/21/2017 (Including draft timeline/work plan)
03/20/2017 03/20/2017
12/28/2016 12/28/2016
12/20/2016 12/20/2016
11/23/2016 11/23/2016
10/11/2016 10/11/2016
10/05/2016 10/05/2016
08/26/2016 08/26/2016
01/08/2016 01/08/2016
01/06/2016 01/06/2016
12/10/2015 12/10/2015
11/16/2015 11/16/2015
10/01/2015 10/01/2015
09/03/2015 09/03/2015
01/14/2015 (meeting did not take place due to a lack of quorum)
12/19/2014 12/19/2014
11/26/2014 11/26/2014
