Green Mountain Secure Retirement Plan Public Meetings

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Jan 8, 2018 No Comments ›› maxinegrad

Green Mountain Secure Retirement PlanJoin Vermont State Treasurer Beth Pearce and stakeholders for a public hearing to develop a retirement option for Vermont employers and the self-employed.

The Treasurer’s Office will be holding two public meetings to solicit input from employers and employees regarding implementation of the Green Mountain Secure Retirement Plan. The meetings will take place on the following dates:

  • January 22, 2018, 2pm, Room 11 at the State House in Montpelier, VT.
  • January 29, 2018, 1pm, Franklin Conference Center at the Howe Center in Rutland, VT.

Please RSVP to Treasurers.Office@vermont.gov.

About Green Mountain Secure Retirement

A 2017 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.

The law provides that the plan:

  1. be easy and simple to understand;
  2. administered to maximize cost effectiveness and efficiency;
  3. easy to join;
  4. administered with trustworthy oversight;
  5. be consumer friendly;
  6. portable for employees;
  7. provide choice for individual subscribers;
  8. voluntary;
  9. help individuals improve their financial wellness;
  10. encourage adequate savings for future needs;
  11. not compete with existing private sector solutions; and
  12. utilize pretax dollars.

State Treasurer Beth Pearce is holding a public hearing as the State begins the process of developing a savings option for self-employed individuals and Vermont employers.

To learn more about the Green Mountain Secure Retirement Plan you can visit greenmountainsecure.vermont.gov.