FOR IMMEDIATE RELEASE – June 14, 2021 (updated 6/24/2021)

CONTACT:
BEN KINSLEY
(802) 310-3904
[email protected]

Campaign for Vermont (CFV) has long been an advocate for pension reform. After nearly a decade of obstinance, to our surprise, this year the legislature took the first steps towards meaningful action. While they passed on addressing benefits in the 2021 legislative session, they did set aside pre-funding for pensions and created a task force to look at benefits and bring back recommendations this Fall. We fully expect that the legislature will pass meaningful pension reform early in 2022 that balances our commitment to public employees and the liability for taxpayers. This is a critical balance to strike.

Senate Government Operations Committee

Dear Madame Chair and Committee Members,

Campaign for Vermont Prosperity (CFV) has been following the Pension Liability issue throughout this legislative session and has weighed in from time to time.   Before we comment further on H.449 we would like to recognize the work that the House and Senate Government Operations Committee, the Treasurer and so many others have done to bring the attention due to this critical issue. The comments below are reflective of the “Draft – As Amended After Second Reading 2021” document.

PRESS RELEASE - APRIL 7, 2021

Campaign for Vermont has long been an advocate for pension reform. After nearly a decade of stubbornness, to our surprise, the legislature is now poised to take meaningful action. The pension policy recommendations that emerged from the House Government Operations Committee last week is surprisingly comprehensive despite its 11^th hour appearance. Not surprisingly, the teachers and state employee’s unions have summarily condemned the proposal.