GERS Employees' Retirement System of the Government of the Virgin Islands Skip to the page's main contents area
  • CAREERS
  • FAQS
  • SITE MAP
  • CONTACT US
  • LOGIN
  • Home
  • About GERS
    • Board
      • Message from the Chairperson
      • Board Legislation
      • Bylaws
      • Board Committees
        • Budget Committee
        • Investment Committee
        • Policy Committee
        • Development Committee
      • Board Members
      • Board Meeting Announcement
      • Secretary’s Board Meeting Minutes
    • Career Opportunites
    • Contact Us
    • Directory
    • Doing Business with GERS
    • Feedback
    • Frequently Asked Questions
    • Legislation
    • Message from the Administrator
    • News
      • News Archive
    • Newsletter
    • Organizational Structure
      • Organizational Chart
      • Accounting & Finance
      • Administration
      • Facility Property Management and Operations
      • Loans
      • Member Services
    • Privacy Policy
    • Site Map
  • Benefits
    • Active Members
      • Active Member Forms & Checklists
      • Early Retirement
      • Pre-Retirement Program
      • Purchasing Additional Service Credit
      • Retirement Types
      • Refunds
    • Actuarial Report
    • Benefits at a Glance
    • Computing Your Retirement Benefits
      • Judges
      • Senators
      • Regular Employees
      • Safety Employees
    • Death Benefits
      • Death of a Member Prior to Retirement
      • Death of a Retiree
      • Duty Connected Death Benefits Calculator
      • Death Benefit Forms & Checklists
    • Deferred Annuity
    • Duty Disability Benefits
      • Duty Disability Benefits Calculator
      • Duty Disability Checklist & Forms
    • Military Service Credit
      • Military Forms
    • Non-Duty Disability Benefits
      • Non-Duty Disability Benefits Calculator
      • Non-Duty Disability Checklist & Forms
    • Frequently Asked Questions
    • Options at Retirement
      • Optional Benefits Checklist & Forms
    • Pre-Retirement Program
      • Application Packet
      • Applying for Retirement
      • Computing Your Retirement Benefits
      • Individual Counseling Appointments
      • Pre-Retirement Checklist & Forms
      • Retirement Checklist
      • Retirement Planning Workshops
    • Retirees
      • Annuitant Payroll Deduction
      • Death of a Retiree
      • Direct Deposit
      • Insurance Benefits
      • Payroll Process
      • Retiree Checklist and Forms
      • Retiree Payroll Schedule
      • Retirement Incremental Increases
      • Retroactive Check
      • Taxation of Benefits
      • Work After Retirement
    • Retirement Planning Workshops
      • St. Croix Workshops
      • St. John Workshops
      • St. Thomas Workshops
    • Signup for Our Newsletter
    • Vesting
  • Loans
    • Interest Rates
    • Auto Loan
      • Auto Loan Checklist & Application
      • Auto Loan Calculator
    • Personal Loan
      • Personal Loan - Active Members
      • Personal Loan - Retirees
      • Personal Loan Checklist & Application
      • Personal Loan Calculator
    • Residential Mortgage Loan
      • Residential Mortgage Loan Checklist & Application
      • Mortgage Loan Calculator
    • Frequently Asked Questions
    • Loan Calculators
      • Auto Loan Calculator
      • Mortgage Calculator
      • Personal Loan Calculator
    • Signup for Our Newsletter
    • Your Credit and You
    • Audited Financial Reports
  • Forms
    • Benefits Forms
      • Active Members
      • Death Benefits
      • Duty Disabilty
      • Military Forms
      • Non-Duty Disabilty
      • Optional Benefits
      • Pre-Retirement Planning
      • Retirees
    • Loan Forms
      • Auto Loan
      • Personal Loan
      • Residential Mortgage Loan
  • Investments
    • Asset Allocation
    • Investment Return
    • Real Estate
      • Estate Hoffman & Nullyberg
      • Havensight Mall
      • St Croix Complex
      • St Thomas Complex
    • Investment Policies
  • Financials
  • Calendar
  • Reports
    • Actuarial Reports
    • Audited Financial Reports
    • Overview of Operations
  • Legal
 
Skip Navigation LinksBenefits > Active Members > Purchasing Additional Service Credit
  • Active Members
    • Active Member Forms & Checklists
    • Early Retirement
    • Pre-Retirement Program
    • Purchasing Additional Service Credit
    • Retirement Types
    • Refunds
  • Actuarial Report
  • Benefits at a Glance
  • Computing Your Retirement Benefits
    • Judges
    • Senators
    • Regular Employees
    • Safety Employees
  • Death Benefits
    • Death of a Member Prior to Retirement
    • Death of a Retiree
    • Duty Connected Death Benefits Calculator
    • Death Benefit Forms & Checklists
  • Deferred Annuity
  • Duty Disability Benefits
    • Duty Disability Benefits Calculator
    • Duty Disability Checklist & Forms
  • Military Service Credit
    • Military Forms
  • Non-Duty Disability Benefits
    • Non-Duty Disability Benefits Calculator
    • Non-Duty Disability Checklist & Forms
  • Frequently Asked Questions
  • Options at Retirement
    • Optional Benefits Checklist & Forms
  • Pre-Retirement Program
    • Application Packet
    • Applying for Retirement
    • Computing Your Retirement Benefits
    • Individual Counseling Appointments
    • Pre-Retirement Checklist & Forms
    • Retirement Checklist
    • Retirement Planning Workshops
  • Retirees
    • Annuitant Payroll Deduction
    • Death of a Retiree
    • Direct Deposit
    • Insurance Benefits
    • Payroll Process
    • Retiree Checklist and Forms
    • Retiree Payroll Schedule
    • Retirement Incremental Increases
    • Retroactive Check
    • Taxation of Benefits
    • Work After Retirement
  • Retirement Planning Workshops
    • St. Croix Workshops
    • St. John Workshops
    • St. Thomas Workshops
  • Signup for Our Newsletter
  • Vesting
 
Print button print this page

Purchasing Additional Service Credit

Contributions may not be made prior to the service being performed.  In accordance with Title 3, Chapter 27, Section 704, subsection (t) of the Virgin Islands Code, payment of the required employee retirement contributions for other than current service may be made in a lump sum or on an installment basis.    Contributions for the purchase of additional service may not be made prior to the accrual of five (5) years of credited service. If a member elects to repay on an installment basis, the member shall have the maximum of three (3) years to repay the full amount owed.
Copyright © 2010 Employees’ Retirement System of the Government of the Virgin Islands. All Rights Reserved. Site by OmniSystems
St. Thomas Office: (340) 776-7703 - St. Croix Office: (340) 718-5480