§ 5081. Definition
§ 5081. Definition As used in this subchapter: “Public transportation” means the transportation of persons, including groups of the general public with special needs, by all means available to the general public. (Added 1989, No. 262 (Adj. Sess.).)
§ 5082. Findings and declarations
§ 5082. Findings and declarations (a) Public transportation is an important matter of State concern, essential to the economic growth of the State and to the public health, safety, and welfare of present and future generations of Vermonters. (b) In each fiscal year, a portion of the Transportation Fund shall be dedicated to the continued […]
§ 5083. Declaration of policy
§ 5083. Declaration of policy (a) It shall be the State’s policy to make maximum use of available federal funds for the support of public transportation. State operating support funds shall be included in Agency operating budgets to the extent that funds are available. State policy shall support the maintenance of existing public transit services […]
§ 5084. Public Transit Advisory Council
§ 5084. Public Transit Advisory Council (a) The Public Transit Advisory Council shall be created by the Secretary of Transportation under 19 V.S.A. § 7(f)(5), to consist of the following members: (1) the Secretary of Transportation or designee; (2) three representatives of the Vermont Public Transportation Association; (3) a representative of the Green Mountain Transit […]
§ 5062. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities
§ 5062. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities (a)(1) The general administration and responsibility for the proper operation of the Retirement System and for making effective the provisions of this chapter are hereby vested in a board of five trustees, known as the Retirement Board. The Board shall consist of: […]
§ 5063. Investments; interest rate; disbursements
§ 5063. Investments; interest rate; disbursements (a) The members of the Vermont Pension Investment Commission established in 3 V.S.A. chapter 17 shall be the trustees of the Fund created by this chapter, and with respect to them may invest and reinvest the assets of the Fund, and hold, purchase, sell, assign, transfer, and dispose of […]
§ 5063a. Compliance with federal law
§ 5063a. Compliance with federal law (a) Intent. The General Assembly intends that the Retirement System and any trusts or custodial accounts established to hold the assets of the Retirement System in accordance with subsection (b) of this section be maintained, in form and operation, so as to maintain the status of the Retirement System […]
§ 5064. Funds
§ 5064. Funds (a) Fund. All of the assets of the Retirement System shall be credited to the Vermont Municipal Retirement Fund. (b) Member savings. Contributions deducted from the compensation of members together with any member contributions transferred from a predecessor system shall be accumulated in the Fund and separately recorded for each member. Contributions […]
§ 5065. Errors
§ 5065. Errors Should any change or error in the records result in any member or beneficiary receiving from the Retirement System more or less than he or she would have been entitled to receive had the records been correct, the Retirement Board shall have the power to correct such error, and to adjust as […]
§ 5066. Exemption of member’s interest; assignment
§ 5066. Exemption of member’s interest; assignment That portion of the salary or wages of a member deducted or to be deducted under this chapter, the right of a member to an annuity, pension, or retirement allowance hereunder, and all the member’s rights in the assets of the Retirement System, shall be exempt from taxation, […]