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Bonus Payment to Retirees as it Relates to Act 7070

(Wednesday, October 19, 2011)
GERS Administrator, Austin L. Nibbs, advises retirees that the bonus payment to retirees, as it relates to Act 7070, will be paid via direct deposit on Thursday, October 20, 2011.

          GERS Administrator, Austin L. Nibbs, advises retirees that the bonus payment to retirees, as it relates to Act 7070, will be paid via direct deposit on Thursday, October 20, 2011.  In accordance with Act 7070, to qualify for the bonus payment established in subsection (a), an annuitant or pensioner must be at least age 60, have been on the payroll for one year, and eligible to receive a cost of living adjustment by July 15 of the year in which the bonus payment is made.  For more information, call (340) 776-7703 and ask for Member Services.