§ 525 — Vermont Pension Investment Commission; market factor analysis for classified positions

The Department of Human Resources shall conduct and implement a market factor analysis for all classified positions within the Vermont Pension Investment Commission not later than January 15, 2026, and every three years thereafter. The market factor analysis may:
(1) follow all policies and procedures established by the Department of Human Resources for conducting market factor analyses;
(2) compare total compensation for comparable positions in relevant public labor markets, with particular attention to other public pension investment organizations of similar asset size and investment complexity;
(3) consider the specialized skills, education, certifications, and experience required for investment-related positions;
(4) evaluate recruitment and retention challenges specific to these positions;
(5) recommend appropriate market factor adjustments when warranted by the analysis; and
(6) include an assessment of the fiscal impact of any recommended market factor adjustments.

Legislative History

(Added 2025, No. 27, § E.134.1, eff. July 1, 2025.)