An act relating to divestment of State pension funds of investments in the fossil fuel industry

Vermont's S.72 requires the state pension investment commission to review the fossil fuel holdings in three public retirement systems (state employees', teachers', and municipal employees' funds) by December 2025. The bill mandates a plan to fully divest these systems from fossil fuels by December 2030, with a longer-term goal to divest private investments containing fossil fuels by December 2040, unless holdings are below a "de minimis" threshold (less than 2% of portfolios). The commission must submit annual progress reports to legislative committees starting in 2027. This directly affects Vermont's public employee pension funds, not private retirement accounts.