The deficit in the state’s pension fund is worrisome and demands redress, but State Treasurer Beth Pearce’s solution is unfair. In brief, the state of Vermont is facing a crisis in its pension system. For over a decade, Vermont has allowed a gap to grow between what it paid in and what it promised teachers and state employees. This ever-growing gap was an issue prior to COVID, but now that the state is looking at its revenue drying up, it is using the pandemic to change the rules. One important issue is pro … (read more)
