MONTPELIER — Fitch Ratings has affirmed the State of Vermont’s AA+ (the second highest) General Obligation bond rating and stable credit outlook, Vermont State Treasurer Mike Pieciak announced.
MONTPELIER Vermont s treasurer announced that S&P Global Ratings affirmed the State of Vermont’s AA+ (the second highest) general obligation bond ratings and revised the rating outlook from negative to
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Backlash Puts Vermont Pension Reform on Hold
State speaker places public retirement systems proposal on backburner amid furor from state teachers and employees.
A proposed plan to reform Vermont’s public retirement systems has been put on hold after it received a strong backlash from teachers and state employees who said it would force them to work longer, contribute more, and earn less for retirement.
The decision to shelve the plan was announced Friday by Vermont House Speaker Jill Krowinski, who instead called for the creation of a pension task force to look at possible revenue sources, as well as plan and benefit changes to fix the state’s pension problems.