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

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MONTPELIER â A proposal to expand the committee overseeing the stateâs retirement investments and create a task force to address the pension systemâs 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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Pension governance and task force plan voted out of Government Operations Committee

Pension governance and task force plan voted out of Government Operations Committee
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School board members honored for service

School board members honored for service
manchesterjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manchesterjournal.com Daily Mail and Mail on Sunday newspapers.

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