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In Vermont, lawmakers opt for MEP retirement plan

Vermont will soon have a state-administered multiple employer retirement plan to help the more than 100,000 people -- a third of its civilian workforce -- who do not have access to a workplace retirement savings plan.

By Nick Thornton | Updated on May 25, 2017
Vermont is the only state, so far, to establish a multiple employer plan option, which will allow employers with 50 or fewer employees to participate. (Photo: AP)

Vermont’s Republican Governor, Phil Scott, is expected to sign an economic development bill that includes the creation of a state-administered multiple employer retirement plan.

The Green Mountain Secure Retirement Plan is the culmination of a public study committee on the state’s retirement security, initiated in 2014 by the state’s General Assembly and overseen by Beth Pearce, the state’s Democratic Treasurer.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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