The Vermont SERS administers pension and other benefits for all full-time state employees. The System is a division of the state treasurer's office; the retirement division also administers the TRS and a municipal retirement system.
Vermont State Employees Retirement System Basics, by Plan
Source: Public Plans Database (as of 2022)
Note: Vermont State Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Vermont State Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
1.0 |
| 2002 |
0.9 |
| 2003 |
0.9 |
| 2004 |
1.0 |
| 2005 |
1.1 |
| 2006 |
1.2 |
| 2007 |
1.4 |
| 2008 |
1.3 |
| 2009 |
1.0 |
| 2010 |
1.2 |
| 2011 |
1.4 |
| 2012 |
1.4 |
| 2013 |
1.5 |
| 2014 |
1.7 |
| 2015 |
1.6 |
| 2016 |
1.6 |
| 2017 |
1.7 |
| 2018 |
1.8 |
| 2019 |
1.9 |
| 2020 |
2.0 |
| 2021 |
2.4 |
| 2022 |
2.3 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Vermont State Employees Retirement System |
US State and Local Pensions |
| 2001 |
2.1 |
2.4 |
| 2002 |
2.1 |
2.3 |
| 2003 |
2.1 |
2.2 |
| 2004 |
2.1 |
2.1 |
| 2005 |
2.0 |
2.1 |
| 2006 |
2.0 |
2.0 |
| 2007 |
1.9 |
2.0 |
| 2008 |
1.9 |
1.9 |
| 2009 |
1.7 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.4 |
1.5 |
| 2014 |
1.4 |
1.4 |
| 2015 |
1.4 |
1.4 |
| 2016 |
1.3 |
1.4 |
| 2017 |
1.3 |
1.4 |
| 2018 |
1.2 |
1.3 |
| 2019 |
1.2 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.1 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for Vermont State Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 8,324 |
7,963 |
815 |
17,102 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Vermont State Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-17.3 |
962.9 |
| 2002 |
-13.8 |
893.7 |
| 2003 |
-16.4 |
917.8 |
| 2004 |
-15.3 |
1,040.9 |
| 2005 |
-11.1 |
1,120.2 |
| 2006 |
-15.8 |
1,219.6 |
| 2007 |
-19.8 |
1,392.4 |
| 2008 |
-25.8 |
1,282.5 |
| 2009 |
-24.8 |
1,014.7 |
| 2010 |
-27.4 |
1,169.8 |
| 2011 |
-27.6 |
1,380.6 |
| 2012 |
-25.7 |
1,378.5 |
| 2013 |
-18.7 |
1,470.5 |
| 2014 |
-17.0 |
1,657.2 |
| 2015 |
-23.9 |
1,624.9 |
| 2016 |
-33.2 |
1,609.7 |
| 2017 |
-31.6 |
1,748.4 |
| 2018 |
-30.6 |
1,841.5 |
| 2019 |
-38.8 |
1,909.5 |
| 2020 |
-29.4 |
1,959.1 |
| 2021 |
-31.3 |
2,425.2 |
| 2022 |
66.9 |
2,276.6 |
2022 Cash Flows for Vermont State Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 243.0 |
176.1 |
-215.5 |
-148.6 |
Cash Flow as a Percentage of Assets
Vermont State Employees Retirement System
2001-2022
| Fiscal Year |
Vermont State Employees Retirement System |
National Average |
| 2001 |
-1.8 |
-2.1 |
| 2002 |
-1.5 |
-2.4 |
| 2003 |
-1.8 |
-2.6 |
| 2004 |
-1.5 |
-2.0 |
| 2005 |
-1.0 |
-2.2 |
| 2006 |
-1.3 |
-2.2 |
| 2007 |
-1.4 |
-2.1 |
| 2008 |
-2.0 |
-2.3 |
| 2009 |
-2.4 |
-3.1 |
| 2010 |
-2.3 |
-3.2 |
| 2011 |
-2.0 |
-3.1 |
| 2012 |
-1.9 |
-3.3 |
| 2013 |
-1.3 |
-3.1 |
| 2014 |
-1.0 |
-2.9 |
| 2015 |
-1.5 |
-2.8 |
| 2016 |
-2.1 |
-3.0 |
| 2017 |
-1.8 |
-2.9 |
| 2018 |
-1.7 |
-2.6 |
| 2019 |
-2.0 |
-2.6 |
| 2020 |
-1.5 |
-2.4 |
| 2021 |
-1.3 |
-2.1 |
| 2022 |
2.9 |
-2.1 |
