The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERALLY
(Cite as: 3 V.S.A. § 473a)
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§ 473a. Periodic actuarial reports
The Board shall cause to be made an actuarial reevaluation of the rate of member contributions
deducted from earnable compensation pursuant to subdivision 473(b)(2) of this title, on a periodic basis at least every three years, to determine whether the amount
deducted is necessary to make the contributions picked up and paid by the State for
such members cost neutral to the General Fund. The actuarial reevaluation shall consider
all relevant factors, including federal tax law changes. The Board shall report the
results of the actuarial reevaluation to the General Assembly together with any recommendations
for adjustment in the members’ contribution rate under subdivision 473(b)(2) of this title. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
section. (Added 1997, No. 68 (Adj. Sess.), § 8, eff. March 1, 1998; amended 2013, No. 142 (Adj. Sess.), § 9.)