Joint Fiscal Office: Vermont pensions improving but long‑term OPEB, amortization risks remain
At a Jan. 8 House Appropriations hearing, Joint Fiscal Office analyst Chris Roop told legislators that pension funded ratios have improved after Act 114, investment gains produced deferred gains, and OPEB pre‑funding shows early progress but rising health‑care costs and a 2048 amortization horizon pose fiscal risks.
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BURLINGTON, Vt. — State pensions have shown steady improvement since their 2020 lows, but Vermont’s long‑term retirement obligations and rising retiree health‑care costs mean significant budget choices remain, Joint Fiscal Office analyst Chris Roop told the House Appropriations Committee on Jan. 8.
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