An act relating to miscellaneous amendments to the Vermont State Employees’ Retirement System

This bill proposes several amendments to the Vermont State Employees’ Retirement System, primarily impacting Group G members. It revises the definitions for Group G membership, alters how their normal retirement allowance is calculated, and adjusts their contribution rates, which will transition from a quartile-based system to fixed percentages by fiscal year 2026. The bill also allows members to earn creditable service for temporary or seasonal State employment and expands the circumstances for receiving creditable service for prior military service without contributions. Finally, it establishes a statutory contractual right for all members of the System.