Pending Legislation
|
Title |
Key Dates |
Nature of |
ESG Category |
Summary |
|
Introduced 2/18/2025 |
Legislation |
Promote Divestment from Certain Industries |
■ Requires the Vermont Pension Investment Commission to (1) on or before December 15, 2025, review the carbon footprint of the holdings of the Vermont State Employees’ Retirement System, the State Teachers’ Retirement System, and the Municipal Employees’ Retirement System, and (2) develop a plan to divest the holdings of the Vermont State Employees’ Retirement System, the State Teachers’ Retirement System, and the Municipal Employees’ Retirement System from the fossil fuel industry by December 31, 2030 with further divestment from any private investments that contain assets in the fossil fuel industry by December 31, 2040. |
Past/Inactive Legislation
|
Title |
Key Dates |
Nature of |
ESG Category |
Summary |
|
Introduced, but did not pass in 2024 legislative session |
Legislation |
Promote Divestment from Certain Industries |
■ Requires the Vermont Pension Investment Commission to divest any assets of the Vermont State Employees’ Retirement System, the State Teachers’ Retirement System, and the Municipal Employees’ Retirement System that are invested in a fossil fuel company or affiliate on or before December 1, 2030 and prohibits any future investment in such companies. |
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|
S42: Divestment of State Pension Funds from Fossil Fuel Industry |
Introduced, but did not pass in 2024 legislative session |
Legislation |
Promote Divestment from Certain Industries |
■ Requires the Vermont Pension Investment Commission to review the assets of the Vermont State Employees’ Retirement System, the State Teachers’ Retirement System, and the Municipal Employees’ Retirement System to determine the extent to which they are invested in the fossil fuel industry, and divest the investments of these plans from the fossil fuel industry by December 31, 2030. Prohibits the Commission from investing the assets of these plans in the fossil fuel industry on or after July 1, 2031. |
|
S251: Divestment of State Pension Funds from Fossil Fuel Companies |
Introduced, but did not pass in the 2022 legislative session |
Legislation |
Promote Divestment from Certain Industries |
■ Applies to the Vermont Pension Investment Commission, the Vermont State Teachers' Retirement System, the Vermont State Employees' Retirement System and the Vermont Municipal Employees' Retirement System. |
