If you were employed as a public school teacher within the State of Vermont on or after July 1, 1990, you are automatically a Group "C" member.  If you were hired before July 1, 1990 and were a Group "B" member in service on July 1, 1990 you are now a Group "C" member.  Group "C" members make annual pre-tax contributions equal to 3.70% of pay into a trust fund.  Trust fund earnings and contributions by the State of Vermont pay your benefit.

Members will receive retirement service credit for each year they are employed as a full time teacher while an active member in the System.  Members who work part time will receive partial credit based on the percentage of full time pay.

Once you have ten years of service you are vested and cannot lose your credit, unless you elect to withdraw your contribution balance.  If you have less than ten years of service, you must withdraw your contributions.

For more information about retirement, please contact the Office of Retirement Operations, 133 State Street, Montpelier, VT 05633-6901. Telephone: 1-800-642-3191 or (802) 828-2305.

Support staff members with five full years of service (1,000 hours per year) or more are considered vested in the District's retirement program.  The plan is administered by an external vendor which offers several retirement options from which to select.  The annual retirement benefit is calculated at the rate of one and one-quarter percent (1.25%) times the salary per year of the last 5 years of credited services. 

A one time retirement payment from the District is also made available to vested eligible support staff members.  This amount is equal to 5% of the average of their three highest paid years of service with the school district.

In order to be eligible for retirement, employees must reach age 62.  Retirement notice to the Business Office is required in writing by January 1 in order for payment to begin in July of the next fiscal year.  Late notification will delay the start of the benefit. 

For more information about the Support Staff Retirement Option, contact the Benefit Specialist in the Business Office:  ADenton@sbschools.net.  Telephone 802/652-7056.