Vermont State Treasurer Beth Pearce and other stakeholders will host two public hearings in January aimed at developing a retirement option for Vermont employers and the self-employed.
A 2017 Vermont law authorized the creation of the Green Mountain Secure Retirement Plan, a voluntary Multiple Employer Plan (MEP) retirement option for Vermont self-employed individuals and employers of 50 employees or fewer that do not currently offer a retirement plan to their employees.
Monday, Jan. 22 at 2pm
The Pavilion Building
Room 11, Vermont State House
Monday, Jan. 29 at 1pm
Franklin Conference Center
The Howe Center
1 Scale Ave.
Director of Policy
Office of the VT State Treasurer
The law provide that the plan:
- Be easy and simple to understand
- Be administered to maximize cost effectiveness and efficiency
- Be easy to join
- Be administered with trustworthy oversight
- Be consumer friendly
- Be portable for employees
- Provide choice for individual subscribers
- Be voluntary
- Help individuals improve their financial wellness
- Encourage adequate savings for future needs
- Not compete with existing private sector solutions, and
- Utilize pre-tax dollars