Terms Used In Vermont Statutes Title 24 Sec. 5052

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this chapter. See
  • System: means the Municipal Employees' Retirement System of Vermont, as defined in section 5052 of this title. See

§ 5052. Name and date of establishment

The date of establishment of the Retirement System shall be July 1, 1975. The System shall be known as the "Vermont Municipal Employees’ Retirement System", and by such name all of its business shall be transacted, all of its assets invested, and all of its cash and securities and other property held in trust for the purpose for which received. (Added 1973, No. 251 (Adj. Sess.), § 3; amended 2007, No. 13, § 37.)