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SUMMARY OF THE 2006 ACTS AND RESOLVES

ACT NO. 197

(H.884)

Municipal government; municipal employees; retirement; VMERS

This act clarifies various statutory provisions relating to the Vermont municipal employees' retirement system (VMERS), including system eligibility, reporting earnable compensation, calculation of average final compensation and retirement benefits, benefits eligibility as a result of an active member death, and cost-of-living adjustments.  The bill also:  (1) amends certain rules relating to disability retirement processes; (2) sets forth who may offer the group D plan; and (3) authorizes the retirement board to establish a health savings reimbursement account for retired members. 

Effective Date: July 1, 2006



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us