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Proposal out to protect Vt. teacher retirement plan - WCAX.COM Local Vermont News, Weather and Sports-

Proposal out to protect Vt. teacher retirement plan

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MONTPELIER, Vt. (AP) - Top state officials and representatives of a teachers' union say they've come up with a plan to ensure the financial security of the Vermont State Teachers' Retirement System.

In a deal announced Friday, Gov. 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.

The officials are planning to outline the proposal Friday to the Legislature's House Government Operations Committee.

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