- Associated Press - Thursday, September 10, 2015

MONTPELIER, Vt. (AP) - More than 300 Vermont government employees have applied for a retirement incentive program that’s intended to save the state money, the state treasurer said.

Treasurer Beth Pearce asked lawmakers to increase the number of employees eligible to earn up to $15,000 based on their years of service, The Burlington Free Press reported (https://bfpne.ws/1i1qFcM).

The treasurer’s office conducted a lottery to pick which 300 names would be allowed to retire. But Pearce said in a letter Tuesday to the Joint Fiscal Committee that all 311 applicants should be accommodated.

Some applicants might change their minds before the deadline, Pearce said. Most retiring employees would have to leave by Sept. 30.

If approved, the retirements would affect three dozen state agencies and departments. The state expects to refill up to one-fourth of the vacant positions with new hires.

The committee is scheduled to consider Pearce’s request at a meeting Sept. 15.


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