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GERS

With 'a Lot of Issues' Realted to Havensight Mall Unaddressed, GERS Calls For Meeting With WICO

Beverly Telesford | February 27, 2023

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…

Letter Criticizing Ronald Russell as Bad Retiree Representation…

Beverly Telesford | February 26, 2023

Tensions raised by a letter read into the record at the last monthly meeting of the Government Employees…

GERS Not Out of Danger Yet, According to Actuarial…

Janeka Simon | February 17, 2023

The 35th Legislature will meet later today to hear from representatives of the Government Employees…

Chronic Shortfalls at GERS Continues Even After Cash…

Beverly Telesford | January 30, 2023

The Government Employees Retirement System continues to drain its portfolio to pay benefits even after…

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