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krow36

457B State Plans for K-12 employees

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Teachers are not allowed to use the VT State 457 plan, but there is a very low-cost VT State 403b plan for teachers!

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You are eligible for the 457 plan if you are a State employee or legislator; a state teacher; or a municipal employee in a participating municipality. A 403(b) plan is also available to employees of Vermont's public school districts. The 403(b) plan is administered by the Vermont State Teachers' Retirement Board and was first offered in January 2009 in response to updates in the Internal Revenue Code.https://www.vermonttreasurer.gov/content/retirement/deferred-compensation

Information on the State of VT run 403b plan for teachers: http://vermont.retirepru.com/About-the-Plans.aspx

The fund’s offered in the state teachers’ 403b plan: http://vermont.retirepru.com/Investment-Options.aspx

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