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Vermont introduces new retirement program: What you need to know – VTDigger

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Vermont introduces new retirement program: What you need to know – VTDigger


The Vermont Saves website. Photo illustration by Natalie Williams/VTDigger

The Vermont Treasurer’s Office announced Wednesday that a program aimed at expanding retirement account options for small employers is now open for enrollment. 

Vermont Saves is a retirement savings program that operates like an employer-sponsored individual retirement account with automatic payroll contributions similar to a 401(k).

State Treasurer Mike Pieciak said an estimated 80,000 to 100,000 Vermont workers don’t have access to a retirement account through their employer. The program, created by law in 2023, is intended to expand access to workplace-based retirement accounts, especially for small employers.

Organizations with at least five employees that do not already offer retirement options must enroll in Vermont Saves by February, according to a press release from the Treasurer’s Office. The program also allows other Vermonters, such as self-employed workers, to sign up independent of a workplace. 

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“Research shows that you’re 15 times more likely to save for retirement if you have a workplace-based retirement plan,” Pieciak said in an interview. “Even though it might seem like, to some, a relatively small financial barrier or knowledge barrier to go to a bank and get a Roth IRA, it’s enough of a barrier that it keeps a tremendous amount of people out of the retirement savings systems that we have in this country.”

There are some eligibility requirements: Participants must be 18 years of age or older and have at least 500 hours of taxable wages from a Vermont employer. Participants who enroll separately from their employer must also provide bank account information, according to David Kunin, a spokesperson for the Treasurer’s Office.

Asked if those requirements might exclude certain Vermonters, such as undocumented workers, Pieciak said there may be some workers without retirement accounts who remain ineligible. But, he said, the “vast majority are people that simply work for a small nonprofit or small business that can’t afford to offer a workplace retirement program,” typically because of the administrative costs. 

Vermont has joined Colorado, Delaware and Maine in creating an interstate consortium called the Partnership for a Dignified Retirement to save on administrative costs, according to the press release. 

Here are a few things to know about the program. More details are available on the frequently asked questions section of its website.

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How would this program differ from other types of retirement accounts? 

Conventional employer-based retirement programs, such as 401(k) accounts, allow employees to automatically move a percentage of their pre- or post-tax income into an investment account, which could include stocks, bonds or other investment options, according to the U.S. Internal Revenue Service. Employers can also choose to contribute to the account. 

By contrast, a Roth IRA allows a person to contribute post-tax income to an account separate from their employer, operated by a bank or other financial institution. Those have lower contribution limits than 401(k) accounts, according to the IRS. 

Pieciak said the Vermont Saves accounts are essentially Roth IRAs, except they allow for automatic payroll deductions on post-tax income. 

Vermonters might also choose to enroll in the Vermont Saves program because of the low fees compared to other IRA providers, or because they have more trust in a state-based system, according to Becky Wasserman, director of economic empowerment at the Treasurer’s Office. 

How does the program work through employers?

The Vermont Saves program is free for employers, according to the program’s website. They must register their organization and coordinate how to send contributions through their payroll provider. 

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The program defaults to an automatic deduction of 5% of wages for first-time enrollees, rising to 8% over the course of several years, Wasserman said. However, employees can choose to deduct a higher or lower percentage of their income, up to the federally mandated IRA contribution limits. 

Pieciak said those defaults were picked to “balance” how much someone needs to save to have a sustainable income in retirement with “having money today to put food on the table.” He acknowledged that participants in Vermont Saves are likely to be lower wage earners than the Vermont average. 

“It’s an amount that will have an impact on them and their future retirement, but it’s hopefully not an amount that they can’t live without in terms of their daily life in the here and now,” he said. 

If someone leaves their employer, the Vermont Saves account remains with them like a bank-based IRA would, Pieciak said. They can also take their original contribution amounts out of the account before retirement, but any investment returns would be taxed.

What are the investment options? 

Vestwell State Savings, a nationwide savings platform, is the program’s administrator, but the investments themselves are managed by two companies: State Street and BlackRock. 

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The program offers four types of investments: a capital preservation fund, a bond index, an international equity fund and a “target retirement date” fund, which automatically adjusts the mix of investments based on when someone plans to retire. 

Most IRA accounts offer more granular control over investments, but Pieciak said the state wanted to avoid making people “paralyzed” by having too many options. “It sort of becomes complex and hard for someone to make the decision about what’s most appropriate to them,” he said. 





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Vermont

Norman Rockwell finally gets his day in new Shelburne Museum exhibit

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Norman Rockwell finally gets his day in new Shelburne Museum exhibit


SHELBURNE — Norman Rockwell lived for a time in suburban New York City and died and was buried in the Berkshires of Massachusetts. But for 14 years in between, the artist spent perhaps the most prolific period of his career in Vermont creating his best-known works.

That’s how Shelburne Museum curator Carolyn Bauer sees it — and how the museum’s latest exhibition treats the artist.

“Norman Rockwell: At Home in Vermont,” which opens June 20 and runs through Oct. 25, displays 40 of the 175 covers Rockwell famously created for The Saturday Evening Post magazine during his time in Vermont between 1939 and 1953.

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Also on display are prints of “The Four Freedoms,” maybe his most famed works of all, which represent American ideals spelled out by President Franklin D. Roosevelt in 1941. Paintings in the exhibition include “The Young Lady with the Shiner” and “The Tattoo Artist,” both whimsical, recognizable pieces used as covers for The Saturday Evening Post.

“It’s very accessible work and approachable,” Bauer said.

The display features the three paintings that inspired the exhibition, given to the Shelburne Museum by Rock of Ages, the Barre granite quarry and monument maker. Those Rockwell paintings filled a significant gap in the museum’s art collection, which includes works by Claude Monet, Edgar Degas, Grandma Moses and Andrew Wyeth but, until recently, none by Rockwell, perhaps the best-known artist to have lived here.

“It feels like a homecoming in many regards,” Bauer said.

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Moving to southern VT, finding ‘the every American’

The exhibition frames Rockwell’s time in Vermont around the tenor of the times in America. As the Great Depression was ending, World War II was looming and the nation was growing more urban and industrialized, much of the public was yearning for greater simplicity, Bauer said.

Rockwell was among them, leaving New Rochelle north of New York City for the quietude of Arlington in southern Vermont.

He was not alone. Contemporary artists including Mead Schaeffer, John Atherton and Gene Pelham would settle in Arlington too, creating what Bauer termed “the golden illustrator days” in Vermont.

Rockwell’s art, as the 152-page hardcover catalogue accompanying the exhibition notes, shows “how Vermont itself came to embody American ideals in the national imagination.”

Rockwell and his fellow Arlington artists used each other as models in their creations. “They really would work collaboratively,” Bauer said.

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Pelham’s daughter, Melinda, is shown in the exhibition in two works: “The Babysitter,” a painting of a girl holding a crying baby that’s on loan from The Fleming Museum at the University of Vermont and an admission submission Rockwell sent to Kellogg’s of a girl clutching a cereal-laden spoon to her mouth.

Doctors, mail deliverers and shopkeepers from Arlington populated his work. Bauer said Rockwell usually gave models $5 and a can of Coca-Cola.

“He was recycling and using just about everybody in town,” Bauer said. That included himself: Rockwell added his own visage to the multiple faces in “The Gossip,” which shows him lashing out at a woman who’s started the rumor-mongering.

Bauer said Rockwell wanted to cultivate a sense of place by using Vermonters known for their austere self-reliance at the forefront of his work. He also found “the every American” ideal in town, Bauer said, though his art reflected a pronounced lack of diversity.

In later work, Rockwell would confront race and segregation as the Civil Rights Movement swept the U.S.

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“He was progressive,” Bauer said.

Inspired by paintings donated by Rock of Ages

“Norman Rockwell: At Home in Vermont” was inspired by the 2025 museum acquisition of a trio of Rockwell works that once hung in the Barre offices of Rock of Ages. The granite company contacted the museum asking if it could donate the paintings, Bauer said, prompting staffers to wonder momentarily, “Is this real?”

Rockwell created advertisements for Rock of Ages and gave the paintings upon which the ads were based to the company. “Kneeling Girl” from 1955, making its debut at the Shelburne Museum, takes place in front of a gravestone engraved with the name Newton.

Rock of Ages donated two versions of 1963 work “The Craftsman,” a muted draft and a more luminous final version that were first displayed at the museum last year. They depict Rock of Ages stonecutter George Seivwright working in the shadow of a memorial bearing the name “Norwell,” a portmanteau of Rockwell’s first and last names.

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Bauer called the paintings “incredible works of art that were circulated widely” in ads, brochures and pamphlets touting Rock of Ages and its world-famous Vermont granite. Though Rockwell had left Vermont for Massachusetts by the time he created those paintings, they do what Rockwell had done when he lived in Arlington — show the nation and the world what Vermont and Vermonters are capable of.

“We are just eager for our visitors to see these paintings,” Bauer said.

If you go

WHAT: “Norman Rockwell: At Home in Vermont”

WHEN: June 20 through Oct. 25

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WHERE: Pizzagalli Center for Art and Education, Shelburne Museum

INFORMATION: $8-$25 museum admission; free under age 5 and for active military and Shelburne Museum members. shelburnemuseum.org

Contact Brent Hallenbeck at bhallenbeck@burlingtonfreepress.com.



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Possible tornado causes damage in small Vermont town during Thursday’s intense storms – The Boston Globe

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Possible tornado causes damage in small Vermont town during Thursday’s intense storms – The Boston Globe


The National Weather Service is investigating whether a small tornado touched down in Woodstock in eastern Vermont on Thursday afternoon as intense storms swept through the area, uprooting and snapping trees, and causing structural damage.

A damage survey team is expected to assess the damage on Friday morning to confirm whether any tornadoes touched down during the severe thunderstorms, the Weather Service in Burlington, Vt., said.

The suspected tornado occurred some time between 2 p.m. and 3 p.m., according to the NWS. A tight vortex, a marker for rotation, was spotted on radar, although there was no debris signature detected on radar. No tornado warnings were issued at the time.

If a tornado is confirmed to have touched down, the survey team will also determine the size, path, and intensity of the twister.

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Some of the damage left behind by what is believed to have been a tornado that touched down Thursday.Chris Markos

The last tornado to touch down in Vermont was just a couple of months ago. On April 16, 2026, an EF1 touched down in Williamstown, Vt., according to the NWS. An EF1 tornado is the second-lowest rating for twisters, according to the Enhanced Fujita Scale, which ranks them based on intensity.

Several supercells had tracked across northern New York into southern and central Vermont, producing large hail and damaging winds, and eventually spawning the tornado, which the Weather Service said was about a half-mile long and 200 yards wide at its peak. The damage survey team also found ”extensive wind damage between Ainsworth State Park and Jackson Center with estimated winds between 70 and 80 mph,“ which was caused by an accompanying microburst, the NWS said.

Large trees are seen uprooted near Staples Pond in Williamstown, Vt., in April.NWS

More than an hour after the Vermont storm, two tornado warnings were issued for southern Worcester County after a pair of tight vortexes were spotted on radar, indicating a possible tornado.

No structural or other damages were found, but storm spotters have submitted reports of a funnel cloud near the Spencer-Leicester town line.


Ken Mahan can be reached at ken.mahan@globe.com. Follow him on Instagram @kenmahantheweatherman. Marianne Mizera can be reached at marianne.mizera@globe.com. Follow her @MareMizera.





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Vermont law enforcement officers petition for highway dedication in honor of David Chris Maland

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Vermont law enforcement officers petition for highway dedication in honor of David Chris Maland


It’s been nearly a year and a half since border agent David ‘Chris’ Maland was shot and killed during a traffic stop near the interstate in Coventry, Vermont. Now, a group of law enforcement officers are petitioning to dedicate a section of I-91 to him.



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