The Vermont Pension Investment Committee, Montpelier, is asking for proposals for its economically targeted investments program, according to a request from Vermont state Treasurer Jeb Spaulding. The committee oversees a combined $3.2 billion for the Vermont State Retirement System, the Vermont State Teachers Retirement System and the Vermont Municipal Employees Retirement System.
The investments must provide financing not currently available otherwise; bring specific quantitative or qualitative collateral economic benefits to Vermont; and provide a rate of return commensurate with risk. Economic or social benefits will not justify a lower return on any VPIC investment, according to the RFP. The proposals must be submitted to contract administrator Donna Holden by 2 p.m. EDT June 25. No other information was available by deadline.