Vermont State Teachers’ Retirement System

Pearce predicts $150 million savings on retired teachers health care costs

The state will received enhanced Medicare subsidies for low-income retirees, which will help to lower overall expenditures for prescription drugs through the state health insurance plan for retired teachers.

Vermont retirement system boards endorse pension forfeiture legislation

State Treasurer Beth Pearce announced today that legislation calling for forfeiture of retirement payments to public employees convicted of certain crimes has been endorsed by all three retirement boards.