§ 485. Compulsory membership
§ 485. Compulsory membership Membership in the Vermont State Retirement System shall be compulsory for all employees entering the service of such employer after the date participation becomes effective, and shall be effective upon the date of hire. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 2013, No. 22, § 7.)
§ 486. Duty of local officers
§ 486. Duty of local officers The chief fiscal officer of the employer, and heads of its departments, shall submit to the Retirement Board such information and shall cause to be performed with respect to the employees of such employer such duties as shall be prescribed by the Retirement Board in order to carry out […]
§ 487. Rates of contribution
§ 487. Rates of contribution Employees who become members of the Vermont State Retirement System under the provisions of this subchapter shall contribute at the same rate and in the same manner as if they were employees of the State of Vermont. The actuary of the System shall compute the contributions which would be payable […]
§ 474. Predecessor systems
§ 474. Predecessor systems Any beneficiary of a predecessor system who is in receipt of a benefit on the date of establishment shall become a beneficiary hereunder and shall continue to receive the benefit being paid from the Fund of this System, under the conditions of the predecessor system as in effect at the time […]
§ 475. Errors
§ 475. 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 […]
§ 476. Exemption of member’s interest; assignment
§ 476. Exemption of member’s interest; assignment A member’s annuity, pension, or retirement allowance under this subchapter and the member’s assets in the Retirement System, shall not be exempt from taxation, including income tax, but shall be exempt from the operation of any laws relating to bankruptcy or insolvency and shall not be attached or […]
§ 476a. Alternate payee; domestic relations orders
§ 476a. Alternate payee; domestic relations orders (a) As used in this section: (1) “Alternate payee” means any individual who is recognized by a domestic relations order as having a right to receive all, or a portion of, another individual’s payment rights in the Retirement System. (2) “Domestic relations order” means a judgment, decree, or […]
§ 477. Prior service credit
§ 477. Prior service credit An employee who has ceased being a member upon reemployment is entitled to prior service credit upon depositing in the Fund the contributions which would have been deducted from the employee’s compensation had he or she remained a member with interest as set forth in section 473 of this title. […]
§ 477a. Elections
§ 477a. Elections (a) Any member who has rendered 15 years of creditable service and who has, prior to becoming a member of the System, served a minimum of one full year of full-time service in the military or one full year of full-time service as a member of the Cadet Nurse Corps in World […]
§ 479. Group insurance
§ 479. Group insurance (a) As provided under section 631 of this title, a member who is insured by the respective group insurance plans immediately preceding the member’s effective date of retirement shall be entitled to continuation of group insurance as follows: (1)(A) coverage in the group medical benefit plan provided by the State of […]