Special Board of Trustees’ Meeting To Review Pension Survey Results

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Date/Time
Date(s) - 02/03/2021
6:00 pm - 8:00 pm

Location
Online

Categories


The VSEA Board of Trustees is meeting on Wednesday evening to begin the process of reviewing the results of a Board-initiated pension survey that, already, more than 1,250 VSEA members have completed. The February 3 Board meeting begins at 6:00 p.m.

VSEA President Aimee Towne emailed members this week about the February 3 meeting, writing, “This is a very important meeting, as your Board will be sharing the results of a recent survey of members to determine how folks felt about proposed changes to the state employee pension plan. ​​Thanks to more than 1,200 of you completing the survey, the Board has a lot of input to aid our discussion, and, by the end of Wednesday night’s meeting, I am hopeful we can mutually agree on a path forward, based in large part on the survey responses and the meeting input we receive.”

Because the Board will be on a tight schedule on Wednesday, members and retirees are welcome log in to listen, but we will not be calling on members or retirees to speak.

The Zoom information was sent to all VSEA members this week. If you would like to request the Zoom information, please email vsea@vsea.org.

Background Information 

Because of recent changes to actuarial projections, the valuation of the unfunded portion of the fund has increased dramatically. As a result, the Retirement Board directed Treasurer Beth Pearce to recommend changes to the legislature, targeted at reductions in the retirement system’s unfunded liability. More information about the proposed changes to your pension fund can be found here.

Read VSEA’s addendum to the Treasurer’s report.

See Also:

Questions? Please contact vsea@vsea.org