Pension Reform Task Force

Chair: Mark Crow, President, Tenth Crow Creative


MEMBERS

David Austin, Managing Director
Sheehey Furlong & Behm P.C.

Renee Bourget-Place, Office Managing Partner
KPMG LLP

Sara Byers, President
Leonardo’s Pizza

Paul Cillo, President and Executive Director
Public Assets Institute

David Coates, Managing Partner
KPMG LLP (Retired)

Mark Foley, Jr., Owner and President
Foley Linen / MKF Properties

Christopher Loso, Vice President
Loso’s Professional Janitorial Services, Inc.


Jeffrey McMahan, President and Managing Partner
Dinse, Knapp & McAndrew, P.C.

Brian Otley, Senior Vice President and COO
Green Mountain Power Corp.

John Pelletier, Executive Director
The Center for Financial Literacy at Champlain College

Rob Roper, President
Ethan Allen Institute

RESOURCES
Defining the Issue

View Introduction – 2017 (pdf)


View Vermont Taxpayers’ Obligation – 2017 (pdf)


Events

Promises Made Promises Kept Conference – Presentations and full RETN taping of event (10.10.17)

Opinion Editorials
David Coates: “Guess What? Vermont Has a Negative Net Worth” (2.26.19)
David Coates: “More Bad Pension News for Vermonters” (2.8.18)
Mark Crow: “Responsible Solutions for Irresponsible Debt” (4.24.18)
John Pelletier: “Did You Know That You are an Insurance Company?” (5.21.18)
John Pelletier: “Is Vermont Exporting Maple Syrup and Wealthy Taxpayers?” (3.28.19)

Other Media of Interest
•  “Vermont’s Ballooning Pension Debt Threatens State’s Financial Future” (Elizabeth Hewitt, VTDigger, 8.1.18)
•  Common Sense Radio Segment Hosted by Bill Sayre with David Coates: Do we have adequate reserves to pay future pensions for Vermont teachers and State employees? And if not, what should we do to correct the situation? David Coates and Bill explore. Listen Here (9.7.18)
•  “Moody’s Drops Vermont’s Long Standing Triple A Rating” (Anne Wallace Allen, VTDigger, 10.23.18)
•  “Moody’s Drop Will Cost State About $1M More for Each $150M Borrowed” (Anne Wallace Allen, VTDigger, 10.25.18)
•  “Teachers’ Retirement Pension Costs Cast a Cloud Over Budget Deliberations” (Colin Meyn, VTDigger, 3.25.19)
•  “Why Vermont’s Pension Pressures Mean Other Projects Won’t Get Funded” (VPR Vermont Edition with Jane Lindholm, 4.23.19)

State Debt, Bond Ratings & Trends – 2019 NASBO Spring Meeting (Sussan Corson, 4.5.19, Full Report Here)