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Economy

Inspector General Audit Finds Decade-Long Double Dipping in G.E.R.S., Costing Pension System Millions…

Ernice Gilbert | October 18, 2021

At least 22 retirees who were re-employed by the Government of the Virgin Islands continued to receive their annuities along with their salaries beyond permissible limits established by varying laws, costing the Government Employees' Retirement System millions in lost revenue and millions in unpaid contributions.  That's according to an Office of the Inspector General (O.I.G.) report on G.E.R.S.'s procedures to control re-employment of retired government employees, which found failures on all sides of the program — including G.E.R.S., the central government, its departments and agencies and the executive branch. Semi-autonomous entities also have deficiencies that affect successful detection and elimination of double dipping. At least 65 re-employed retirees are being analyzed by G.E.R.S. for possible violations of the return-to-work law,…

In Move to Further Encourage Virgin Islanders to be…

Staff Consortium | October 07, 2021

The V.I. Energy Office this week announced that it was deferring a grid access charge (GAC) from its…

Members of Congress Press Biden-Harris D.O.J. To Reject…

Staff Consortium | September 08, 2021

Today Congressman Raúl Grijalva (D-Arizona), the chair of the House Natural Resources Committee and…

$71 Million Projected Surplus Touted By Bryan Administration…

Kyle Murphy | September 01, 2021

Office of Management and Budget Director Jenifer O'Neal during a Senate finance hearing Tuesday said…

Latest

USVI Receives $8.5 Million For Mortgage Assistance

Kyle Murphy | April 20, 2021

Governor Albert Bryan announced during the administration's weekly Covid-19 press briefing Monday a mortgage assistance program for Virgin Islanders struggling to make mortgage payments and those who ...

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