VERMONT PENSION INVESTMENT COMMITTEE

Establishing Statute: 3 V.S.A. § 522

Department: Treasurer

Description: The Vermont pension investment committee shall be responsible for the investment of the assets of the state teachers' retirement system of Vermont, the Vermont state employees' retirement system, and the Vermont municipal employees' retirement system pursuant to section 472 of this title, 16 V.S.A. 1943, and 24 V.S.A. 5063. The committee shall strive to maximize total return on investment, within acceptable levels of risk for public retirement systems, in accordance with the standards of care established by the prudent investor rule under 14A V.S.A. 902. The committee may, in its discretion, subject to approval by the attorney general, also enter into agreements with municipalities administering their own retirement systems to invest retirement funds for those municipal pension plans. The state treasurer shall serve as the custodian of the funds of all three retirement systems.

Board Members:

 Board Member Name   Term Expires  
     Vaughen Altemus       6/30/2018  
     Karen Paul       6/30/2018  
     David Starr       6/30/2016   Alternate

 

Contact Information

Office of Governor Phil Scott
109 State Street, Pavilion
Montpelier, VT 05609
Phone: 802 828-3333 (TTY: 800 649-6825)
Fax: 802 828-3339

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