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Pension governance and task force plan voted out of Government Operations Committee


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MONTPELIER — A proposal to expand the committee overseeing the state’s retirement investments and create a task force to address the pension system’s multi-billion dollar unfunded liability was voted out of the House Government Operations Committee on Wednesday.
The bill, which as a committee draft has yet to be assigned a number, proposes changes to the Vermont Pension Investment Committee, expanding its membership and changing its name.
It also establishes a Pensions, Funding and Design Task Force, which will study how the state will reduce its unfunded liabilities and annual payments. The proposed fiscal 2022 budget allocates $300 million in pension amortization payments, also known as ADEC (actuarially determined employer contribution). ....

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Letters to the Editor (1/13/21)


Black With a Capital B
Why do you capitalize Black when you refer to Black people, but not white when you refer to white people? Is this something new? I notice Bob Woodward did the same thing in his most recent book,
Rage. I really don t get it.
Eric Johnson
Editor s note:
Seven Days began capitalizing Black when it refers to racial, cultural and ethnic identity last June, shortly before the Associated Press Stylebook formalized the same recommendation, stating that doing so conveys an essential and shared sense of history, identity and community among people who identify as Black . The lowercase black is a color, not a person. Why treat white differently? As the AP writes, White people generally do not share the same history of culture, or the experience of being discriminated against because of skin color. Additionally, Capitalizing the term white, as is done by white supremacists, risks subtly conveyi ....

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