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.
(Cite as: 16 V.S.A. § 1944c)
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§ 1944c. Employer charges for federal grants or reimbursements
(a) Notwithstanding any provision of law to the contrary, effective on July 1, 2015, the
employer retirement costs and administrative operating expenses related to the retirement
plans applicable to those teachers whose funding is provided from federal grants or
through federal reimbursement shall be paid by local school systems or educational
entities that participate in the Vermont Teachers’ Retirement Fund from those federal
monies.
(b) The percentage rates to be applied shall be determined by an actuary approved by the
Board of Trustees of the State Teachers’ Retirement System of Vermont and shall be
applied to the total earnable compensation of members prepared by the actuary in compliance
with subsection 1942(r) of this title. The Secretary of Education shall annually provide an accounting of federal grants
and federal reimbursements, by school system, upon which payment by the participating
schools shall be determined.
(c) The State Treasurer and the Secretary of Education shall establish procedures for
the collection and deposit of those monies in the State Teachers’ Retirement System
of Vermont. The Secretary of Education may delay implementation upon review of the
federal grant program to permit timely and accurate claims for reimbursement of retirement
expenses under a particular federal program in order to receive funding under that
program. The Secretary of Education shall provide an annual report to the Senate Committee
on Appropriations and the House Committee on Education regarding progress in implementation
of this section. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
subsection. (Added 2013, No. 179 (Adj. Sess.), § E.514.3; amended 2017, No. 154 (Adj. Sess.), § 22, eff. May 21, 2018.)