Message from the Administrator
Greetings and Happy New Year to our members and families! It is my sincere hope that this new year finds our members in good spirits and the best of health.
It is always good to look ahead at what the future may bring, but I would first like to reflect on this past year as history will show that it was perhaps, one of the more eventful times in the life of our retirement system. Notwithstanding the many challenges we faced, our resolve to serve our members and to preserve the Fund, was met with vigor and perseverance.
We are very proud of the efforts and contributions of the GERS staff, who worked tirelessly to satisfy our members, the Board of Trustees and our advisors for their advice and leadership, as we took every opportunity to engage, educate, inform and empower our membership. Further, through ongoing dialogue and collaboration with the Legislative branches as well as stakeholder groups, we were able to effect critical changes in the law which governs the System.
One might say that the current challenges facing the System are insurmountable, because we are facing so much uncertainty as far as the future of the System. Our commitment to you is to always keep you abreast of what’s going on, so that you can ask the right questions and make informed decisions. No matter the challenges, we will remain focused and committed to collect over $1 billion of contributions that are due to the System, paying the retirees their annuities and selecting the necessary investment choices that are required based on the health of the Fund.
There is still a lot of work ahead and no one knows for sure what the future will bring. What we do know however, is that the GERS team will continue to render the best possible service to all of our members.
Shortly, there will be volunteer opportunities and educational initiatives afforded to our members. We want you to get first-hand, credible information to better understand and to be more informed about the System. If you are interested or would like to learn more, contact our Public Information office at (340) 776-7703 or via email at firstname.lastname@example.org. Let us come together as a GERS team to effect positive and workable changes for the System.
Again, I wish you a New Year filled with warm moments and cherished memories; but most of all, good health. May the gift of hope, love and happiness be yours in 2017!
Austin L. Nibbs, CPA, CGMA