TRS of Vermont administers pension and other benefits for certificated public school teachers. The System is a division of the state treasurer's office; the retirement division also administers the state employees' retirement system and a municipal employees system.
Vermont Teachers Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Vermont Teachers |
2,339.4 |
21,620 |
| Other Plans |
0 |
0 |
| Total |
2,339.4 |
21,620 |
Source: Public Plans Database (as of 2022)
Note: Vermont Teachers Retirement System has 0 other plans.
Assets
Assets at Year-End
Vermont Teachers Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
1.1 |
| 2002 |
1.1 |
| 2003 |
1.1 |
| 2004 |
1.2 |
| 2005 |
1.3 |
| 2006 |
1.4 |
| 2007 |
1.6 |
| 2008 |
1.5 |
| 2009 |
1.1 |
| 2010 |
1.3 |
| 2011 |
1.5 |
| 2012 |
1.5 |
| 2013 |
1.6 |
| 2014 |
1.7 |
| 2015 |
1.7 |
| 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 Teachers Retirement System |
US State and Local Pensions |
| 2001 |
2.7 |
2.4 |
| 2002 |
2.6 |
2.3 |
| 2003 |
2.5 |
2.2 |
| 2004 |
2.4 |
2.1 |
| 2005 |
2.3 |
2.1 |
| 2006 |
2.2 |
2.0 |
| 2007 |
2.1 |
2.0 |
| 2008 |
1.9 |
1.9 |
| 2009 |
1.8 |
1.9 |
| 2010 |
1.7 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.2 |
1.4 |
| 2015 |
1.1 |
1.4 |
| 2016 |
1.1 |
1.4 |
| 2017 |
1.1 |
1.4 |
| 2018 |
1.1 |
1.3 |
| 2019 |
1.0 |
1.3 |
| 2020 |
1.0 |
1.3 |
| 2021 |
1.0 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for Vermont Teachers Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 10,387 |
10,295 |
938 |
21,620 |
131 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Vermont Teachers Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-13.1 |
1,138.5 |
| 2002 |
-15.1 |
1,066.5 |
| 2003 |
-19.9 |
1,099.1 |
| 2004 |
-19.8 |
1,245.7 |
| 2005 |
-27.2 |
1,333.5 |
| 2006 |
-33.5 |
1,430.8 |
| 2007 |
-28.1 |
1,647.2 |
| 2008 |
-35.8 |
1,501.3 |
| 2009 |
-48.9 |
1,145.1 |
| 2010 |
-48.5 |
1,305.3 |
| 2011 |
-46.4 |
1,520.8 |
| 2012 |
-53.9 |
1,491.6 |
| 2013 |
-57.7 |
1,554.4 |
| 2014 |
-61.3 |
1,705.4 |
| 2015 |
-44.7 |
1,653.9 |
| 2016 |
-52.1 |
1,620.9 |
| 2017 |
-55.5 |
1,738.6 |
| 2018 |
-31.8 |
1,832.4 |
| 2019 |
-37.3 |
1,904.5 |
| 2020 |
-36.1 |
1,951.5 |
| 2021 |
-40.9 |
2,422.8 |
| 2022 |
139.9 |
2,339.4 |
2022 Cash Flows for Vermont Teachers Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 370.3 |
230.4 |
-223.3 |
-83.4 |
Cash Flow as a Percentage of Assets
Vermont Teachers Retirement System
2001-2022
| Fiscal Year |
Vermont Teachers Retirement System |
National Average |
| 2001 |
-1.2 |
-2.1 |
| 2002 |
-1.4 |
-2.4 |
| 2003 |
-1.8 |
-2.6 |
| 2004 |
-1.6 |
-2.0 |
| 2005 |
-2.0 |
-2.2 |
| 2006 |
-2.3 |
-2.2 |
| 2007 |
-1.7 |
-2.1 |
| 2008 |
-2.4 |
-2.3 |
| 2009 |
-4.3 |
-3.1 |
| 2010 |
-3.7 |
-3.2 |
| 2011 |
-3.0 |
-3.1 |
| 2012 |
-3.6 |
-3.3 |
| 2013 |
-3.7 |
-3.1 |
| 2014 |
-3.6 |
-2.9 |
| 2015 |
-2.7 |
-2.8 |
| 2016 |
-3.2 |
-3.0 |
| 2017 |
-3.2 |
-2.9 |
| 2018 |
-1.7 |
-2.6 |
| 2019 |
-2.0 |
-2.6 |
| 2020 |
-1.9 |
-2.4 |
| 2021 |
-1.7 |
-2.1 |
| 2022 |
6.0 |
-2.1 |
