Editor of the Reformer: As we all know, the state pension problem has been festering for years now. Governors, legislators, state treasurers and Pension Investment Committee members have come and gone without a suitable resolution. Kicking the can down the road, mostly driven by politics and simple indifference. Both the state employees and Vermont tax payer deserve a permanent solution to this problem now.
Thanks to the state treasurer who strongly flagged the problem again with some specific recommendations.
At this point we know what the governor does not want, but what is his version of the solution? The governor has watched this for nearly six years. I would hope he would have been investigating and drafting a set of solutions from his perspective. The governor has at his call a strong financial leadership team and executive staff who are well positioned to develop an informed detailed solution. It is time he shares his solution with the legislature, his state employees and all Vermonters.
Author(s): Bob Zeliff
Publication Date: 11 April 2021
Publication Site: Brattleboro Reformer