An act relating to unclaimed property, State retirement systems, and capital debt

Summary

The legislation revises how the state reports and handles unclaimed property, imposes penalties on employers who pay state retirement contributions late, and establishes a new task force to study pension and benefits funding. It also moves fiduciary duties for certain post‑employment benefits to the Vermont Pension Investment Commission and allows extra service credits for elected union leaders. Finally, it changes reporting requirements for the Capital Debt Affordability Advisory Committee.

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