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
002
:
EMPLOYEES OF POLITICAL SUBDIVISIONS
(Cite as: 3 V.S.A. § 482)
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§ 482. Participation by local governments; election by employer
(a) Any governing board of an employer that elected to have its eligible employees participate
in the Vermont State Retirement System shall, by virtue of said election, have its
eligible employees participate in the Vermont State Retirement System. Any members
of the Vermont Employees’ Retirement System, in the employ of such employer, shall
have the shares credited on their account to the various funds of that Retirement
System transferred to the Fund of the Vermont State Retirement System, in accordance
with the provisions of section 473 of this title. Thereafter, all contributions on behalf of such members shall be made by such employer
and member to the Vermont State Retirement System for deposit in the Fund.
(b) Membership of National Guard employees will commence effective the first day of the
first pay period for which the federal government makes the required employer contribution,
and will end on the failure of the federal government to make such contribution.
Membership and benefits for this class of employee shall be a contributory money purchase
type on such terms as are mutually agreed by the representatives of the federal government,
national guard technicians of the State of Vermont and the trustees of the Vermont
State Retirement System. The employee contribution shall be not less than the percentage
contributed by the federal government.
(c) All National Guard employees who became members of the Vermont Employees’ Retirement
System pursuant to section 432 of this title and who, on the date of establishment, were members of that System shall become and
continue to be members of the Vermont State Retirement System until the failure of
the federal government to make contributions on their account. All shares credited
to the Vermont Employees’ Retirement System on account of such National Guard employees
shall be transferred to the fund of the Vermont State Retirement System, in accordance
with the provisions of section 473 of this title. Thereafter all contributions on behalf of such members shall be made by the federal
government and the member to the Vermont State Retirement System for deposit in the
Fund. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 1973, No. 251 (Adj. Sess.), § 2; 2007, No. 13, § 17.)