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Vermont legislators in the House unanimously passed a bill to shore up the state's pension funds for teachers and state employees.

MONTPELIER — It was ideas they wanted, and ideas they got. The Vermont House Government Operations Committee, continuing its work on addressing the state pension system’s multi-billion dollar unfunded liability, heard proposals from committee members, as well as from fellow House members and the Vermont State Employees Association (VSEA). The discussion followed days of reactions from stakeholders and experts, and two public hearings in which the committee’s initial proposal to close the underfunding gap and adjust governance was blasted by enrolled employees. That proposal, a ...

Don't miss the big stories. Like us on Facebook.   MONTPELIER — Vermont’s multibillion-dollar unfunded pension liability for teachers and state employees will grow by another $604 million in the coming year, and the state will face an increase of $96 million in its annual contributions to those retirement systems, unless action is taken to reduce costs, State Treasurer Beth Pearce said in a report issued Friday. But the solution Pearce suggested to address the growing gap between the state’s funding and its liability — reducing or eliminating cost of living adjustments ...