GERS Revised Testimony on Bill Request No 20-1212

December 9, 2020

An act amending title 33 Virgin Islands Code, chapter 3, section 42 relating to excise taxes to require a portion of the taxes to be deposited into the Virgin Islands Government Employees' Retirement System Stabilization Fund

To view/download this letter in a PDF format, click here

GERS Testimony on Bill No 33-00446

December 8, 2020

An Act repealing and replacing Act Nos. 8329 and 8330; amending title 29 Virgin Islands Code, by repealing chapter 24 in its entirety and replacing it with a new chapter 24; terminating the existence of the " Matching Fund Securitization Corporation"

To view/download this letter in a PDF format, click here           Exhibit 1 - Bill No. 33-0446

Act No. 7880

Enacted on May 27, 2016.

This Act amends Title 3 of the Virgin Islands Code, Sections 717 and 766 by requiring the GERS to issue personal loans to members in an amount not to exceed $10,000 and requiring that the personal loans issued not exceed the aggregate amount of $10,000,000 per annum, per district and by making a technical amendment.

To view/download the complete act in PDF format, click here.

Act No. 7802

Enacted on October 26, 2015.

This Act amended Chapters 27 and 28A of Title 3 of the Virgin Islands Code by making amendments concerning eligibility for membership and receipt of service credit in the System.

> Download the full article on Act No. 7802 in PDF format

Board Actions and Proposed Legislation to Retirement Law, Title 3