Proposal would protect teacher retirement plan
Top state officials and representatives of a teachers union say they have come up with a plan to ensure the financial security of the Vermont State Teachers’ Retirement System. In a deal announced Friday, Governor Peter Shumlin, state Treasurer Beth Pearce, legislative leaders, and the head of the Vermont chapter of the National Education Association unveiled a plan to pay for retired teachers’ health benefits. The proposal would utilize a variety of sources to address the lack of funding for teacher health care.
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