Vermont State Employees Retirement System
public plan · State of Vermont · Montpelier, VT
ACTIVE
D
Pension Health Score
48/100
Funding Status67% Funded
0%80% threshold100%
$2.5B
Total Assets
$3.7B
Total Liabilities
$1.2B
Unfunded Liability
20,347
Participants
Funding History
What This Means for You
Vermont State Employees Retirement System is significantly underfunded at 67%, with $1.2B in unfunded liabilities affecting 20,347 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.5B | $3.7B | 66.7% | $148.5M |
| 2024 | $2.4B | $3.6B | 65.4% | $191.5M |
| 2023 | $2.4B | $3.6B | 65.7% | $156.2M |
| 2022 | $2.1B | $3.1B | 70.0% | $170.7M |
| 2021 | $2.1B | $2.8B | 75.5% | $150.4M |