ACT NO. 197
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
The Vermont General Assembly
115 State Street