Environmental, Social, and Governance (ESG) Focus Fund XI commitment and $25M to HCV V Co-Investment-October 2017: Voted on Brookfield Strategic Partners III commitment of $100M for 2017-August 2017: Voted on two private debt strategies, Benefit Street Eric Henry Katie Green Andy Cook, Copyright 2023 State of Vermont All rights reserved. Pension Investment Committee, herein referred to as "Vermont." All investment managers for Vermont, herein referred to as "managers," responsible for the voting of our owned common stock are expected to take the following proxy voting policy and guidelines into consideration before making proxy voting decisions. The Governor has three exempt positions in his budget, they asked for a the fourth but it was taken out. The Treasurer's Office is committed to providing key data and information about its operations. Perry Lessing, VSTRS Representative, term expires 6/30/2026. Vermont Pension Investment Committee, Montpelier, made two commitments totaling up to $125 million for the $4.1 billion Vermont State Retirement Systems, said Eric Henry, chief investment. The Vermont Pension Investment Committee (VPIC) systems had combined assets of approximately $4.6billion as ofJune 30, 2020. 109 State Street, Pavilion Vermont State Teachers' Retirement System (VSTRS) Find data, reports, meeting information, and learn about the Vermont Pension Investment Committee (VPIC). Interested parties are welcome to attend at any time. Before sharing sensitive information, make sure youre on a state government site. Eric Henry, the CFO of the Vermont Pension Investment Commission (VPIC) joined the House Appropriations Committee on Tuesday. PDF No. 53. An act relating to boards and commissions. Eric Henry is the VPIC Chief Investment Officer. PDF State of Vermont Vermont Pension Investment Committee If you have trouble finding any meeting information or materials please contact us atTRE.VPICInquiries@vermont.govor call (802)-828-1451. He highlighted that it's important for them to be separate from the Treasurer's office to provide more transparency. The site is secure. Contact Us, Community & Economic Development Office (CEDO), Racial Equity, Inclusion & Belonging (REIB), Employees Retirement System: Monthly Performance Update - July 2023, Calculation of Return of Employee Contributions, Employees Retirement System: Monthly Perormance Update - May2023, Employees Retirement System: Monthly Perormance Update - April 2023, Employees Retirement System: Monthly Perormance Update - March 2023, Employees Retirement System: Monthly Perormance Update - February2023, Trumbull Property Fund (TFP) Presentation, Real Estate vs. https:// State government websites often end in .gov or .mil. VERMONT PENSION INVESTMENT COMMISSION - Phil Scott VPIC publishes several reports throughout the year to increase transparency of process and performance. The .gov means its official. On June 8, 2021, Governor Scott signed H. 449 into law, creating the Vermont Pension Investment Commission (VPIC). (b) Membership. They would also like to add a fourth position as a classified employee as an admin person. Menu These investment categories have imperfect correlations, so if one category is faltering, another may be doing exceedingly well. Thomas Golonka, Chair, Vermont Pension Investment Commission Eric Henry, Chief Investment Officer, Vermont Pension Investment Commission Gavin Boyles, Deputy Treasurer . NOTE: to print information that appears on a tab within the bill page, use the Print link on that tab. The Summer Government Accountability Committee . Current Committees and the materials from their meetings are as follows: ESG Committee. Vermont Pension Investment Committee (VPIC), Vermont State Employees' Retirement System (VSERS), Vermont State Teachers' Retirement System (VSTRS), Vermont Municipal Employees' Retirement System (VMERS), 7.2percent for the Vermont State Retirement System, 7.2 percent for the State Teachers' Retirement System, 7.2 percent for the Vermont Municipal Employees' Retirement System. The state treasurer shall serve as the custodian of the funds of all three retirement systems. S.42 - An act relating to divestment of State pension funds of investments in the fossil fuel industry. Accessibility, Comments or questions about the website? 522 is amended to read: 522. 109 State Street Your gift strengthens the social, ecological, and economic health of our farms and communities. In addition to the financial performance report for each system, aggregated data for all systems is available here. Vermont Pension Investment Commission | State of Vermont He highlighted that it's important for them to be separate from the Treasurer's office toprovide more transparency. The Commission is an independent entity who have dedicated Staff. 2023 State of Vermont All rights reserved. Montpelier, Vermont 05609 Committees - H.R.5241 - 118th Congress (2023-2024): To amend the Internal Revenue Code of 1986 to provide that governmental pension plans may include certain firefighters, emergency medical technicians, and paramedics, and for other purposes. Before sharing sensitive information, make sure youre on a state government site. Treasurer's Office is operating remotely due to flooding in Montpelier. The commissionshall strive to maximize total return on investment, within acceptable levels of risk for public retirement systems, in accordance with the standards of care established by the prudent investor rule under 14A V.S.A. DEFINITIONS As used in this chapter,: "Committee" "Commission" means the Vermont Pension Investment Committee Commission. Treasurer's Office is operating remotely due to flooding in Montpelier. Scheduled Committee Meetings 2023 State of Vermont All rights reserved. Fax: 802 828-3339, Public Records Database and Agency Records Officer or Liaison Contact Information, Copyright Thomas Golonka, Chair, Vermont Pension Investment Committee. PDF Vermont Pension Investment Committee Asset allocation is essential to the investment performance of the plan. Item 4 8:50 Vermont State Treasurer's Update . The charge of the Vermont Pension Investment Committee is to combine the assets of the State Teachers' Retirement System of Vermont, the Vermont State Employees' Retirement System, and the Vermont Municipal Employees' Retirement System for the purpose of investment in a manner that is more cost- and resource-efficient and will improve the effectiveness of the oversight and management of the three systems' assets. ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Purpose and Mission Investment Performance Measurement Legal Authority IV. Privacy Policy Vermont Pension Investment Committee Total Fund Dashboard Summary As of June 30, 2021 Treasury Yield Curve (%) Performance is shown net of fees. Treasurer's Office is operating remotely due to flooding in Montpelier. Kim Gleason, Vice-Chair, VMERS Representative, term expires 6/30/2025. MaryAlice McKenzie, Committee Chair, Governor's Delegate; Michael Pieciak, Vermont State Treasurer 2023 State of Vermont All rights reserved. Vermont Pension Investment Committee - Campaign for Vermont The This page contains results from both the assigned committee as well as other committees. Disclaimers Montpelier, Vermont 05609 https:// Legislative Expense Reporting https:// Policies | Principles for Responsible Investment (PRI) Sustainability Accounting Standards Board (SASB) VPIC ESG Sub-Committee You can learn more about the VPIC ESG process, including borwsing meeting information and materials, by visiting the ESG Sub-Committee page found here. The .gov means its official. Read the Vermont Pension Investment Committee's 2020 Proxy Season Voting Record, Read the 2019 Environmental, Social, and Governance Issues Report. 2023 State of Vermont All rights reserved. Click each Committee name to view the Committee's Charter. To bring their staff up to 50% salary parity with their peer group would cost $350,000 over five years. The site is secure. (2) "Financial expert" means an individual with material expertise and experience in institutional fund management, or other significant pension or other relevant financial expertise. Tuesday, January 26, 2021 . Terms of Use Section 523 of the Vermont Pension Investment Commission's enabling statute tasks VPIC with the responsibility "for the investment of the assets of the Vermont State Teachers' Retirement System, the Vermont State Employees' Retirement System, and . Description: The Vermont pension investment commission shall be responsible for the investment of the assets of the state teachers' retirement system of Vermont, the Vermont state employees' retirement system, and the Vermont municipal employees' retirement system pursuant to section 472 of this title, 16 V.S.A. PDF Vermont Pension Investment Committee Voting Commissioners. For investment management and VPIC inquries:TRE.VPICInquiries@vermont.govor call (802)-828-3668. Requests for Proposals | Accessibility Policy They want to make the other two exempt also because they are at "significant risk" of loosing employees. Our office serves as the States banker and chief investment officer, accounting for the receipt and disbursement of public funds, short and long-term debt management, investment of state funds, administration of three retirement systems and pension funds, collecting and returning unclaimed financial property to rightful owners, improving the financial literacy of Vermonters, and advising state policymakers on various fiscal and policy issues. Retirement Systems | Office of the State Treasurer https:// Privacy Policy Career Opportunities Find Out More About VPIC's ESG Initiatives. About Us | Vermont Pension Investment Commission Meetings are typically held in the 4th Floor Conference Room . The Vermont Pension Investment Committee (VPIC) systems had combined assets of approximately $4.6 billion as of June 30, 2020. Vermont's public pension and OPEB plans have billions in unfunded liabilities weighing on taxpayers. Find data, reports, meeting information, and learn about the Vermont Pension Investment Committee (VPIC). Marc Joffe Senior Policy Analyst November 29, 2021 The Pension Benefits, Design, and Funding Task Force created by the Vermont General Assembly is expected to release its findings in December. Governor Feedback Survey. Contact our Service Center First The State Treasurer issues the Annual Report to the Legislature to assist during the appropriations process for the State Treasurer's operating budget and debt management. The .gov means its official. The Commission is an independent entity who have dedicated Staff. Current targeted allocation (Approved as of June 22,2021): Links to holdings of the VPIC portfolio as of the most recent fiscal yearend and the most recent quarter are listed below. Committees | Vermont Pension Investment Commission VPIC Performance. Description:The Vermont pension investment commission shall be responsible for the investment of the assets of the state teachers' retirement system of Vermont, the Vermont state employees' retirement system, and the Vermont municipal employees' retirement system pursuant to section 472 of this title, 16 V.S.A. Judiciary Emergency Personnel Survivors Benefit Review Board. VPIC also aims to maintain the actuarial, accounting, and asset allocation integrity of the three systems. Organizations that the Treasurer's Office and the VPIC are a member of, or engage through include: You can learn more about the VPIC ESG process, including borwsing meeting information and materials, by visiting the ESG Sub-Committee page found here. VPIC Committees. 902. VERMONT PENSION INVESTMENT COMMITTEE . Main Phone: (802) 828-2301Toll Free: (800) 642-3191, Ashlynn Doyon at treasurers.office@vermont.gov, Copyright Public Meeting Materials. State Telephone Directory, Announcements 1300 Hall Boulevard Suite 1 C. Accessibility Policy Policies PDF Vermont Pension Investment Committee ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. He has over 25 years of investment experience, including former executive leadership roles with the New Hampshire Retirement System, Pennsylvania State Employees' Retirement System, Texas Municipal Retirement System, UAW Retiree Medical Benefits Trust, and Hershey Trust Company. Treasurer Chief Investment Officer | Vermont Pension Investment Commission ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Vermont State House 115 State Street Montpelier, VT 05633-5301 (802) 828-2228 sgtatarms@leg.state.vt.us, Legislative Email Sign-on Item 3 8:40 Public Comment . MONTPELIER A proposal to expand the committee overseeing the state's retirement investments and create a task force to address the pension system's multi-billion dollar unfunded liability was voted out of the House Government Operations Committee on Wednesday. State of Vermont Vermont Pension Investment Commission . Vermont Municipal Employees' Retirement System (VMERS). To see financial performance reports for the pension systems, click on one of the systems below: Vermont State Employees' Retirement System (VSERS) Committee meetings are open to the public. Robert Hooper, VSERS Representative, term expires 6/30/2023. PDF Vermont Pension Investment Committee Before sharing sensitive information, make sure youre on a state government site. lheald@burlingtonvt.gov, Website design by Hark.bzA Burlington Based Design Studio, Directory 3 V.S.A. The State Treasurer's Office administers the investment policies and strategies adopted by theVermont Pension Investment Committee for the benefit of the Vermont State Retirement System, Vermont State Teachers' Retirement System and Vermont Municipal Employees Retirement System. Main Phone: (802) 828-2301Toll Free: (800) 642-3191, Ashlynn Doyon at treasurers.office@vermont.gov, Copyright Fixed Income Presentation, November 20, 2019 Agenda Special Meeting of the Retirement Board, November 20 2019 Special Meeting Retirement Board.pdf, Agenda October 31, 2019 Special Meeting.pdf, DRAFT - Direct Rate Smoothing - 2018 Actuarial Valuation, DRAFT - Direct Rate Smoothing Scenarios with Alternative Actual Returns, DRAFT - Direct Rate Smoothing Scenarios 2019, Other Burlington Retirement Committee Documents. Montpelier, Vermont 05609 ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Corporate Farmland Ownership, Land Grabs, and the Vermont Pension The Treasurer's Office is committed to providing key data and information about its operations. Attached hereto as Exhibit A is correspondence, dated March 9, 2021 (the "Proponents' Withdrawal An Official Vermont Government Website . Review the Committees that Advise the VPIC on Specific Topics. The Treasurers Office and the Vermont Pension Investment Committee (VPIC) consider financial factors and environmental, social, and governance (ESG) factors in their investment decisions. Bloomfield, CT 06002, Primary Contact Retirement Administration Attorney General PDF Fiscal Year 2021 Investment Performance - Vermont Policies Main Phone: (802) 828-2301Toll Free: (800) 642-3191, Ashlynn Doyon at treasurers.office@vermont.gov, Copyright Privacy Policy For holdings in periods other than those listed, please contact TRE.VPICInquiries@vermont.gov, December, 2021September, 2021June, 2021March, 2021December, 2020September, 2020June, 2020March, 2020December, 2019September, 2019June, 2019March, 2019December, 2018September, 2018June, 2018March, 2018December, 2017September, 2017June, 2017March, 2017December, 2016September, 2016June, 2016March, 2016December, 2015September, 2015June, 2015March, 2015December, 2014September, 2014June, 2014March, 2014December, 2013September, 2013June, 2013March, 2013December, 2012September, 2012June, 2012March, 2012December, 2011September, 2011June, 2011March, 2011December, 2010September, 2010June, 2010March, 2010December, 2009September, 2009June, 2009. Kim Gleason, Vice-Chair, VMERS Representative, term expires 6/30/2025, Jeff Briggs, VSERS Representative, term expires 6/30/2027, Perry Lessing, VSTRS Representative, term expires 6/30/2026, Steven Jeffrey, Vermont League of Cities & Towns Representative, term expires 6/30/2026, Jim Salsgiver, Vermont School Boards Association Representative, term expires 6/30/2023, Mary Alice McKenzie, Governor's Appointee, term expires 6/30/2025, Lauren Wobby, Governor's Appointee, term expires 6/30/2025, Justin Norris, Alternate VSTRS Representative, term expires 6/30/2026, Eric Davis, Alternate VSERS Representative, term expires 6/30/2027, Chris Dube, Alternate VMERS Representative, term expires 6/30/2025, Brad Ferland, Alternate Governor's Appointee, term expires 6/30/2024, Copyright 2023 State of Vermont All rights reserved. Please check your e-mail for a link to activate your account. Item 5 9:15 Chief Investment Officer Report . 109 State Street Environmental, Social, and Governance (ESG) Focus, 2019 Environmental, Social, and Governance Issues Report. Find data, reports, meeting information, and learn about the Vermont Pension Investment Committee (VPIC). Home | Vermont Pension Investment Commission Net rates of return for the ten years throughJune 30, 2020were: Comparatively, for the ten years ended June 30, 2020, the median public retirement plan in the United States < $5 Billion (InvestorForcePublic Defined Benefit net data) had an average annualized total return of 8.1percent. Although procedurally bills and resolutions are assigned to only one committee at a time, other committees may review the bill or resolution. PDF No. 75. An act relating to the membership and duties of the Vermont Vermont allocates $125 million to two agriculture funds | Pensions House backs new pension bill with addition of task force Contact Us. Meeting recordings are available upon request. Committee to reexamine the principle of government accountability in the Legislative Branch. VPIC is currently comprised of three employees: one is exempt, two are not. Mission Statement To manage the financial resources within our purview effectively and efficiently and to promote prudent financial practices in the State of Vermont. Vermont Pension Investment Commission; ESG Initiatives; Reports and Committees; Retirement; Unclaimed Property; Vermont ABLE Program; Vermont Pension Investment Commission. Find data, reports, meeting information, and learn about the Vermont Pension Investment Committee (VPIC). Meetings | Vermont Pension Investment Commission Vision Statement The overall vision of the State Treasurer's Office is to be the best office of the treasury in the U.S.A. The site is secure. The Legislature is not responsible for the accuracy of any information in these materials, and their posting does not constitute approval or endorsement by the Legislature. State government websites often end in .gov or .mil. Allocations may not sum up to 100% exactly due to rounding. VERMONT PENSION INVESTMENT COMMISSION * * * The Vermont House on Thursday approved a bill that would overhaul the board that governs state pensions and establish a task force to address the system's mounting debt. Office of the State Treasurer Vermont explores public pension and OPEB reform Pension Funds | Office of the State Treasurer State government websites often end in .gov or .mil. Legislative Time Reporting Office of the State Treasurer 109 State Street Montpelier, Vermont 05609 Main Phone: (802) 828-2301 Toll Free: (800) 642-3191. Policies Feedback Survey. Mike Pieciak, Vermont State Treasurer. Campaign for Vermont Prosperity Inc. | PO Box 1432, Montpelier, VT 05601-1432 |(802) 448-2380. Office of the State Treasurer PDF Vermont Legislative Joint Fiscal Office

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