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GERS

GERS Chairman Optimistic That Insolvency Could be Staved Following Meeting With Senate Sub-Committee

Kyle Murphy | April 23, 2021

Government Employees' Retirement System Board Chairman, Nellon Bowry, said Thursday he was optimistic for a potential solution to the G.E.R.S. looming insolvency following a meeting with seven senators last week, among them Senate Finance Committee Chairman Kurt Vialet, who also chairs the newly created sub committee focused on G.E.R.S. Mr. Bowry expressed optimism as the meeting included a full range of potential options to prevent G.E.R.S. insolvency. He was also encouraged to see subcommittee members fully engaged. The chairman did not go into specifics relative to the options for refinancing, but said potential solutions were on the table. There will be a second G.E.R.S. meeting with the subcommittee, called the G.E.R.S. Restructuring Insolvency and Economic Development Sub-Committee, in about three weeks. The pension system was asked…

As GERS Bleeds Money, Attorney General Advises O.M.B.…

Ernice Gilbert | March 27, 2021

Government Employees' Retirement System board members revealed during a Thursday board meeting that…

GERS to Membership: There is no Money in the Latest…

Staff Consortium | March 12, 2021

The Government Employees' Retirement System on Friday said it is not an eligible party to receive financial…

Nibbs Says GERS Draws Down $120 Million Each Year…

Shenneth Canegata | August 12, 2020

Government Employees' Retirement System Administrator, Austin Nibbs, told lawmakers that GERS draws…