The Vermont State Retirement System (VSRS) is the public pension plan provided by the State of Vermont for State employees. It was created in 1944 and is governed by Vermont Statute Title 3, Chapter 16.
Under this defined benefit plan, both employees and the State contribute to a trust fund. Your actual retirement benefit is determined by a formula which contains three aspects: your service credit, your age at retirement, and your average final compensation. You will be vested in the Vermont State Employees Retirement System when you have attained five years of creditable state service. For more information visit the Retirement Office.
There are five plans or groups:
- Group A – original retirement plan that some members elected to remain in, predecessor to Plan F
- Group C – for state law enforcement officers
- Group D – for judges
- Group F – for the majority of classified state employees
- Defined Contribution – for exempt state employees