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GERS

Retirees Doomsday: GERS Benefits Could Be Slashed 45 Percent or More if Pension System Collapses in…

Robert Moore | March 13, 2020

ST. THOMAS — The clock is ticking on the solvency of the Government Employees' Retirement System (GERS). And, only cooperation between Gov. Albert Bryan and the Senate on a solution to the pension plan's downward spiral can save government retirees' future income. About 100 people on Thursday evening attended the second of three townhall meetings sponsored by GERS in the territory. The audience of active and retired government employees at the Charlotte Amalie High School on St. Thomas was smaller and more forgiving than their 300 counterparts who attended the St. Croix session earlier in the week, and later protested the dire GERS news outside of Government House in Christiansted.   The news from GERS Chief Executive Officer Austin Nibbs was no better on St. Thomas.  “If nothing is done to infuse the system with a significant amount of cash,…

Watch | Gov't Retirees, Police Clash Outside Government…

Staff Consortium | March 11, 2020

Retirees on St. Croix clashed with police today as they descended on Government House in Christiansted…

Retirees Protesting Proposed 30 Percent Slash in Pension…

Ernice Gilbert | March 11, 2020

ST. CROIX — Retirees on St. Croix were stunned when they were told by officials of the Government Employees'…

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