The Government Employees' Retirement System is awaiting a confirmation date for a meeting with the West Indian Co. Ltd (WICO) concerning a number of matters surrounding the Havensight Mall. During Thursday’s monthly GERS meeting, Administrator Austin Nibbs, in his presentation on the month of February, noted that he met with the WICO's attorneys on February 10 to discuss outstanding issues. Following Mr. Nibbs’s presentation, GERS board member Ronald Russell asked for more clarity surrounding the matter. Mr. Nibbs explained that the main issue is an easement agreement regarding how costs would be shared, as well as matters related to a waterline issue. "It's lot of issues," Mr. Nibbs said. He said GERS was awaiting confirmation regarding a date. “We threw out a few dates and we haven’t received a response as yet. … I think [Joseph] Boschulte…
Tensions raised by a letter read into the record at the last monthly meeting of the Government Employees…
The 35th Legislature will meet later today to hear from representatives of the Government Employees…
The Government Employees Retirement System continues to drain its portfolio to pay benefits even after…
In Concerning Development, New GERS Chairman…
Ernice Gilbert October 12, 2022The new chairman of the Government Employees' Retirement System, Dwayne A. Callwood, has removed former…
Gittens Seeking Lawsuit Against GERS Board, Saying…
Staff Consortium October 06, 2022Saying that the Government Employees Retirement System continues to defy both the law and common sense…
Watch: Ronald Russell Says GERS Could Use Funds…
Staff Consortium October 06, 2022GERS Board of Trustees member Ronald Russell was the trustee who motioned to raise the salary of GERS…
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Francis Issues Scathing Rebuke of GERS Board…
Staff Consortium October 05, 2022Senator Novelle Francis on Wednesday criticized the Government Employees' Retirement System Board of…
The Government Employees' Retirement System (GERS) is suing the Water and Power Authority (WAPA) for an outstanding balance of $8.9 million that it owes in employer contributions. The amount is $1.2 m...
"WAPA needs to do something!" That's the call from Hurbert Turnbull, a member of the governing board of the Virgin Island Water and Power Authority. Turnbull wants management to act with urgency abou...
With newly replenished political capital following the historic accomplishment that has saved the territory's pension system from collapse, Governor Albert Bryan on Monday called on the Government Emp...
The Government Employees' Retirement System Board of Trustees at its Thursday meeting approved a motion for G.E.R.S. management to reach a settlement with WAPA over its failure to pay outstanding cont...
Government House on Thursday announced that the government on behalf of all its branches entered into a settlement agreement with the Government Employees’ Retirement System dismissing all pending a...
Just over a week after it was approved by the 34th Legislature, Governor Albert Bryan on Tuesday signed into law a bill allowing the V.I. government to seek funding in the bond market to undergird the...
Senators who make up the 34th Legislature will have before them on Monday a measure that proponents say will finally stabilize the Gov't Employees' Retirement System. The measure, numbered 34-0188, w...
Ronald Russell, a member of the Board of Trustees of the Government Employees' Retirement System, on Friday was not in support of a proposed plan that proponents say will fully or substantially fund ...
Legislation aimed at stabilizing the Government Employees' Retirement System sponsored by Senator Kurt Vialet and developed in collaboration with Governor Bryan and his team, along with 34th Legislatu...
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