Terms Used In Vermont Statutes > Title 24 > Chapter 75 > Subchapter 3 - Regional Development

• Board: means the Board of Trustees of the System provided for in section 5062 of this title to administer the System. See
• Dependent: A person dependent for support upon another.
• Employer: means a municipality, a library at least one-half of whose operating expenses are paid from municipal funds, or a supervisory union. See
• following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
• Member: means any employee included in the membership of the Retirement System under section 5053 of this title. See
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Pension: means annual payments for life derived from contributions by the State and municipality. See
• Service: means service as an employee for which compensation is paid by an employer as defined in subdivision (11) of this section, service recognized under section 5054 of this title, or service prior to the effective date of the plan. See
• State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
• System: means the Municipal Employees' Retirement System of Vermont, as defined in section 5052 of this title. See