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Proposal Out To Protect Teacher Retirement Plan

Picture of a Vermont School Bus
Jared C. Benedict/Wikimedia Commons

Top state officials and representatives of a teachers' union say they've come up with a plan to ensure the financial security of the Vermont State Teachers' Retirement System.

In a deal announced Friday, Governor Peter Shumlin, State Treasurer Beth Pearce, legislative leaders and the head of the Vermont chapter of the National Education Association unveiled a plan to pay for retired teachers' health benefits.

The proposal would utilize a variety of sources to address the lack of funding for teacher health care.

Copyright 2014 The Associated Press. All rights reserved.