§ 491. Liability of retirement system
Anything in this subchapter to the contrary notwithstanding, the Vermont State Retirement System shall not be liable for the payment of any pensions or other benefits on account of the employees or beneficiaries of any employer under this subchapter, for which reserves have not been previously created from funds contributed by such employer, or its employees, for such benefits. (Added 1971, No. 231 (Adj. Sess.), § 4.)
Structure Vermont Statutes
Chapter 16 - Vermont Employees' Retirement System
§ 456. Name and date of establishment
§ 458. Creditable service; military service
§ 459. Normal and early retirement
§ 459a. Restoration of service
§ 460. Ordinary disability retirement
§ 461. Accidental and occupationally related disability retirement
§ 461a. Benefit denial; evidentiary hearing
§ 462. Reexamination of disability beneficiary
§ 464. Accidental and occupationally related death benefit
§ 465. Termination of service; ordinary death benefit
§ 466. Coordination of disability retirement benefits with workers’ compensation benefits
§ 467. Death benefit after retirement—Group C
§ 469. Minimum benefit—Group C
§ 470. Postretirement adjustments to retirement allowances
§ 471. Retirement Board; Medical Board; actuary; rates of contribution; safekeeping of securities
§ 472. Investments; interest rate; disbursements
§ 472a. Compliance with federal law
§ 473a. Periodic actuarial reports
§ 476. Exemption of member’s interest; assignment
§ 476a. Alternate payee; domestic relations orders
§ 479a. State Employees’ Postemployment Benefits Trust Fund
§ 480a. Group A members; limit on contributions
§ 482. Participation by local governments; election by employer
§ 483. Petition by employees; transfer of assets
§ 484. Election by employee; service credits
§ 488. Payment of contributions
§ 490. Default; paid up deferred annuity