A look into Vermont’s $3 billion unfunded liability for its pension fund expenses
for retired state employees and teachers and an update on the investigation into a death of a patient at Brattleboro Retreat.
Vermont municipalities participate in a statewide retirement
program that’s nearly fully funded. That’s much better than retirement funds
are doing for many cities and towns around the country, which have found that
they’re living beyond their means.
Treasurer Jeb Spaulding says the state’s public pension system needs to be
reformed, and he’s optimistic that can be accomplished this year. In
the next decade, the state employees and Vermont teachers’ pensions could fall short by a billion