Legislation
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.
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Download the full article on Act No. 7802 in PDF format
Board Actions and Proposed Legislation to Retirement Law, Title 3