There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2005 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

2005 Vermont Code - § 5070. — Defined contribution retirement plan

§ 5070. Defined contribution retirement plan

The board may approve a defined contribution retirement plan for one or more groups of members. The plan shall qualify as a defined contribution plan under the United States Internal Revenue Code, as amended. Participation in a defined contribution plan offered under this section shall be in lieu of participation in any other plan established under this title. The board shall ensure that objective educational material be prepared and presented to the employees in order to enable them to make an informed decision, under the assumption that each participant is an unsophisticated investor. (Added 1999, No. 53, § 14.)

Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.