VT S0072

Vermont Pension Investment Commission must review the carbon footprint of holdings in the State Employees', Teachers', and Municipal Employees' Retirement Systems by December 15, 2025

Commission must develop a plan to divest these pension funds from fossil fuel industry holdings by December 31, 2030, with private investments containing fossil fuel assets to be divested by December 31, 2040

"De minimis exposure" (less than 2% of total invested funds) and private investments with fossil fuel holdings are exempt from divestment until the Commission determines divestment is prudent and consistent with fiduciary obligations

Commission must submit multiple reports: carbon footprint review by February 15, 2026; divestment plan by September 1, 2026; annual progress reports from January 2027 through 2040; and final completion report by January 15, 2041

$127,000 appropriated in FY 2026 for one staff position, funded proportionally from the three retirement funds (40.86% State, 44.01% Teachers', 15.13% Municipal)