Vermont
Vermont introduces new retirement program: What you need to know – 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.
“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.
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.
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.
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.
Vermont
VT Lottery Powerball, Gimme 5 results for July 8, 2026
Powerball, Mega Millions jackpots: What to know in case you win
Here’s what to know in case you win the Powerball or Mega Millions jackpot.
Just the FAQs, USA TODAY
The Vermont Lottery offers several draw games for those willing to make a bet to win big.
Those who want to play can enter the MegaBucks and Lucky for Life games as well as the national Powerball and Mega Millions games. Vermont also partners with New Hampshire and Maine for the Tri-State Lottery, which includes the Mega Bucks, Gimme 5 as well as the Pick 3 and Pick 4.
Drawings are held at regular days and times, check the end of this story to see the schedule.
Here’s a look at July 8, 2026, results for each game:
Winning Powerball numbers from July 8 drawing
12-29-37-43-55, Powerball: 18, Power Play: 4
Check Powerball payouts and previous drawings here.
Winning Gimme 5 numbers from July 8 drawing
01-05-23-36-38
Check Gimme 5 payouts and previous drawings here.
Winning Pick 3 numbers from July 8 drawing
Day: 0-1-3
Evening: 2-4-0
Check Pick 3 payouts and previous drawings here.
Winning Pick 4 numbers from July 8 drawing
Day: 3-9-5-9
Evening: 9-2-0-9
Check Pick 4 payouts and previous drawings here.
Winning Megabucks Plus numbers from July 8 drawing
12-15-23-27-40, Megaball: 03
Check Megabucks Plus payouts and previous drawings here.
Winning Millionaire for Life numbers from July 8 drawing
16-18-43-48-50, Bonus: 01
Check Millionaire for Life payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
For Vermont Lottery prizes up to $499, winners can claim their prize at any authorized Vermont Lottery retailer or at the Vermont Lottery Headquarters by presenting the signed winning ticket for validation. Prizes between $500 and $5,000 can be claimed at any M&T Bank location in Vermont during the Vermont Lottery Office’s business hours, which are 8a.m.-4p.m. Monday through Friday, except state holidays.
For prizes over $5,000, claims must be made in person at the Vermont Lottery headquarters. In addition to signing your ticket, you will need to bring a government-issued photo ID, and a completed claim form.
All prize claims must be submitted within one year of the drawing date. For more information on prize claims or to download a Vermont Lottery Claim Form, visit the Vermont Lottery’s FAQ page or contact their customer service line at (802) 479-5686.
Vermont Lottery Headquarters
1311 US Route 302, Suite 100
Barre, VT
05641
When are the Vermont Lottery drawings held?
- Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
- Mega Millions: 11 p.m. Tuesday and Friday.
- Gimme 5: 6:55 p.m. Monday through Friday.
- Lucky for Life: 10:38 p.m. daily.
- Pick 3 Day: 1:10 p.m. daily.
- Pick 4 Day: 1:10 p.m. daily.
- Pick 3 Evening: 6:55 p.m. daily.
- Pick 4 Evening: 6:55 p.m. daily.
- Megabucks: 7:59 p.m. Monday, Wednesday and Saturday.
- Millionaire for Life: 11:15 p.m. daily
What is Vermont Lottery Second Chance?
Vermont’s 2nd Chance lottery lets players enter eligible non-winning instant scratch tickets into a drawing to win cash and/or other prizes. Players must register through the state’s official Lottery website or app. The drawings are held quarterly or are part of an additional promotion, and are done at Pollard Banknote Limited in Winnipeg, MB, Canada.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Vermont editor. You can send feedback using this form.
Vermont
Poll: Most young Vermonters say they’re likely to leave state amid affordability concerns – VTDigger
Theo Wells-Spackman is a Report for America corps member who reports for VTDigger.
Nearly two-thirds of Vermonters ages 18 to 34 say they’re likely to leave the state within five years in search of adventure or a cheaper place to live, according to a poll from the University of New Hampshire.
Overall, the poll estimated that 86% of Vermonters find the state at least somewhat unaffordable.
“The issue of affordability has been a very important thing across New England,” said UNH political science professor Andrew Smith, who runs the institution’s survey center. The poll, released Tuesday, includes response data for five New England states, excluding Maine.
In general, the survey found, most residents say Vermont is a good place to live — or even a great one.
Nevertheless, about 40% of Vermonters of all ages want to leave the state, according to the report from Smith’s team. Housing prices and other cost-of-living concerns are the foremost drivers of the trend, researchers found, followed by tax rates. Connecticut and Rhode Island showed similar overall rates of desired departure.
Among young people, though, Vermont’s numbers stand out.
Smith’s research found that 63% percent of Vermonters between 18 and 34 say they’re somewhat or very likely to move out of the state in the next five years. That’s a much higher rate of planned departure than in any other state surveyed. Responses varied from 28% in New Hampshire to 44% in Connecticut.
But according to Smith, New England often sees a beneficial “boomerang effect”: former residents eventually returning to their home states, often as higher earners.
In a Wednesday press conference, Gov. Phil Scott said that although he hadn’t seen the poll, he wasn’t surprised by reports that many Vermonters are considering a move.
“I think there’s a lot of frustration out there,” he said. “We have a lot of work to do to make Vermont the affordable state that these folks need.”
About half of young Vermonters who said they want to move away cited the cost of living as a primary reason, while roughly as many said they were looking for a “new adventure or more excitement.” By contrast, less than a quarter of those older than 64 foresee leaving, according to the poll.
Outmigration of young people could worsen the state’s existing workforce shortage, according to Kevin Chu, who leads the research nonprofit the Vermont Futures Project. Scott’s administration has made workforce development a priority in light of what his office called a “growing demographic crisis.”
Chu added that by design, services such as public education and healthcare are supported disproportionately by working households that tend to pay higher taxes and insurance premiums. When the base of income earners shrinks, the problem can then intensify for those bearing the brunt of rising costs, he added.
“There’s a demographic reality in which the economic burden is being shouldered by a small and shrinking pool of young working-age people,” Chu said.
Tuesday’s poll also indicated that Vermonters who have completed more education say they’re less likely to leave the state. For Chu, that’s likely because such households tend to earn more — and also because they tend to be older.
Julie Lowell, deputy director of the Montpelier research nonprofit Public Assets Institute, offered a grain of salt in relation to Tuesday’s report. While migration is crucial to keep track of, Vermont’s overall population turnover tends to be about 5% or less each year, she said. And although the state does have an unusual number of young people intending to leave, that age group is always the most mobile in any study, she said.
In recent years, more of Vermont’s older population has possessed more wealth to contribute to public services, Lowell added. For example, she said, her organization has found that more Vermonters aging out of the workforce has not appeared to decrease state tax revenues in recent years.
But it’s true that many Vermonters are struggling to make ends meet, she said. The state’s lowest earners have seen low wage growth in relation to other New England states, she said, and basic needs are getting harder to cover.
“We’re seeing prices, in large part driven by housing and healthcare, really outpacing our increases in household incomes,” Lowell said. “Many people are feeling insecure.”
Vermont
Vermont offers money to replace diesel vehicles with electric
Vermont officials are offering $5.9 million in funding to help replace older diesel-powered vehicles and equipment with electric alternatives across the state.
The Vermont Department of Environmental Conservation is accepting applications for the funding through the Volkswagen Environmental Mitigation Trust, according to a community announcement. The program aims to reduce emissions by supporting conversions to all-electric equipment used in transportation and industry.
The new funding is open to a wide range of vehicle and equipment types, including class 4–8 trucks, school buses, transit buses, forklifts weighing more than 8,000 pounds, airport ground support equipment, freight switchers and certain marine engines.
Eligible applicants include federal, state, regional and municipal agencies, along with public institutions and private businesses whose vehicles operate in Vermont at least 80% of the time.
Public entities can receive up to 85% of project costs, while private businesses may qualify for up to 75%, according to the announcement.
The opportunity may be particularly relevant for farms, food producers, food hubs and distributors that rely on diesel-powered trucks or heavy equipment.
Applications are accepted on a rolling basis, with submissions due by the last day of each month until December 2026 or until funding runs out.
Applicants can review full details at https://dec.vermont.gov/air-quality/vw-environmental-mitigation-funds/vw-request-applications.
This story was created with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct.
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