VT H0656

General Assembly members whose monthly household income falls below their pre-service median income during legislative session would receive supplemental payments equal to the difference, if the shortfall is attributable to their legislative service

Members of the General Assembly would become eligible for the State employees' group health insurance plan, paying the same premium share as Executive Branch employees

Legislators elected or appointed starting with the 2027–2028 biennium would be eligible to participate in the State's Defined Contribution Retirement Plan, with members contributing 2.85% of compensation and the State contributing 7%

Participating legislators would vest in the retirement plan after one year and 11 months of service and receive the same life, dental, and health insurance benefits upon retirement as Vermont State Retirement System members

Retirement plan provisions take effect upon passage; supplemental compensation and health insurance provisions take effect January 1, 2027