The Vermont State treasurer is dedicated to the financial welfare of all Vermont residents. Last year the public retirement initiative VT Saves was unanimously approved by the legislature, supported by the governor and has since become law. VT Saves aims to aid more Vermonters towards the security of retirement, which positively impacts the economy and alleviates the pressure on the state budget. This year the treasurer’s office supports the proposal for a Baby Bonds program in Vermont. The scheme proposes an investment of $3,200 for every low-income child born on Medicaid in Vermont, available to the individual between the ages of 18-30 for wealth-building activities such as buying a home in Vermont, investing in or starting a business in the state, paying for higher education or job training, or saving for retirement. This policy will provide a more comprehensive social security system from cradle to grave.

However, almost 75% of workers in Vermont lack access to paid family and medical leave, leaving them one emergency away from financial insecurity and potential job loss. The State treasurer believes creating a comprehensive paid leave program in Vermont will benefit individuals, families, and the economy. Paid family leave can offer financial stability to businesses, families and workers by enabling individuals in need of time off to stay connected to the workforce. As well as financial security, businesses can foresee increased productivity, higher morale, reduced turnover rates, and improved retention.

Paid family leave also provides additional benefits of supporting infant health, reducing dependence on public assistance programs, and alleviating financial strain on caregivers. The proposal for a practical and fair paid leave program distributes costs amongst all businesses and workers, managing the burden and ensuring all Vermont residents can access vital benefits when needed. Establishing a comprehensive paid family and medical leave policy embodies the state’s values and boosts the economy.

For queries and additional information, you can reach out to the Paid Family Leave department using various channels. If you want to speak to a representative, dial the Paid Family Leave phone number. You can learn the fastest way to get through to them. You can also visit eddcaller.com to get in contact with a live person. The website helps with how to get a hold of Paid Family Leave by connecting you directly with the right department. The site also provides additional information about getting in touch with EDD and other relevant authorities.