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
:
GENERAL BENEFITS
(Cite as: 21 V.S.A. § 1309)
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§ 1309. Reports; solvency of Trust Fund
(a)(1) On or before January 31 of each year, the Commissioner shall submit to the Governor
and the Chairs of the Senate Committees on Economic Development, Housing and General
Affairs and on Finance and the House Committees on Commerce and Economic Development
and on Ways and Means a report covering the administration and operation of this chapter
during the preceding calendar year.
(2) The report shall include:
(A) a balance sheet of the monies in the Fund and data as to probable reserve requirements
based upon accepted actuarial principles, with respect to business activity, and other
relevant factors for the longest available period;
(B) recommendations for amendments of this chapter as the Board considers proper; and
(C) an accounting of the amount of supplemental benefits paid to claimants pursuant to
subdivision 1338(e)(2) of this chapter.
(b) Whenever the Commissioner believes that the solvency of the Fund is in danger or the
balance of the Fund drops below $180,000,000.00, the Commissioner shall promptly inform
the Governor and the Chairs of the Senate Committees on Economic Development, Housing
and General Affairs and on Finance and the House Committees on Commerce and Economic
Development and on Ways and Means and make recommendations for preserving an adequate
level in the Trust Fund. 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. (Amended 1959, No. 329 (Adj. Sess.), § 22, eff. March 1, 1961; 1961, No. 210, § 5, eff. July 11, 1961; 2009, No. 124 (Adj. Sess.), § 1; 2013, No. 142 (Adj. Sess.), § 36; 2021, No. 51, § 13, eff. June 1, 2021.)