Vermont teacher pensions in peril

The plight of retired teachers across Vermont has improved considerably, so much so that some private-sector workers with sluggish 401(k) retirement plans envy the defined benefit plan that provides Vermont educators with health care for life and up to 50 percent of their pay upon retirement at age 62 or after 30 years of service. Now this benefit, which took decades to negotiate, could shrink under proposals a state commission floated last week in Montpelier.

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