Vermont Pension Investment Commission - Feb 8 , 2024
Tom Golonka (Chair, Vermont Pension Investment Commission) introduced himself to the House Appropriations Committee on Thursday and noted that the portfolio has done well when compared to pension plans in other similar states. Vermont has always been in the top quartile when the market was both up and down. He highlighted S.42, which is a bill that was passed out of the Senate last year and is currently in the House. The bill proposes to require the Vermont Pension Investment Commission (VPIC) to review the assets of the three retirement systems to determine the extent to which they are invested in the fossil fuel industry and submit plans to divest from the fossil fuel industry by 2030.