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RETIREES TO RECEIVE ADDITIONAL VI LOTTERY BONUSES
(Tuesday, September 27, 2022)
GERS Administrator/CEO, Austin L. Nibbs, would like to advise the retirees who received the annual V.I. Lottery Bonus for Fiscal Years 2018, 2019, and 2020, that they will be receiving the gross/net bonus payments as displayed below according to Act No. 8578 (Bill No. 34-0167) which was sponsored by Senator Donna A. Frett Gregory, and signed by Governor Albert Bryan, Jr. on Monday, August 8, 2022.
GERS Administrator/CEO, Austin L. Nibbs, would like to advise the retirees who received the annual V.I. Lottery Bonus for Fiscal Years 2018, 2019, and 2020, that they will be receiving the gross/net bonus payments as displayed below according to Act No. 8578 (Bill No. 34-0167) which was sponsored by Senator Donna A. Frett Gregory, and signed by Governor Albert Bryan, Jr. on Monday, August 8, 2022.
| Year | ACT 8578 | Retiree Count | Gross | Tax Rate | Tax Deduction | Net Pay |
| 2018 | $1,015,005.93 | 7254 | $139.92 | 22% | $ 31 | $ 108.92 |
| 2019 | $928,825.37 | 7245 | $128.20 | 22% | $ 28 | $100.20 |
| 2020 | $1,491,162.84 | 7433 | $200.61 | 22% | $44 | $156.61 |
| | | | | | |
The beneficiaries of the deceased retirees will receive their payments. The GERS will advise the retirees when the bonus payments will be released.
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