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To Save G.E.R.S., Bryan Calls Senate into Session to Legalize Marijuana

Ernice Gilbert | December 04, 2019

Governor Albert Bryan believes that legalizing marijuana for recreational use in the U.S. Virgin Islands could provide enough funding to save the Government Employees’ Retirement System, the beleaguered, government-run pension plan that is on life support and is projected to collapse in a few years.  Mr. Bryan has called the Senate into session on Dec. 18, where the governor hopes lawmakers will approve the wide-ranging amendment. With an unfunded liability of more than $4 billion, the continuous separation of government employees who are not vested into the system, and an investment portfolio that has remained mostly flat, G.E.R.S., which is paying out substantially more than it’s collecting, is on a path of destruction that research has shown could bring down the entire USVI economy. On Tuesday, during a press conference at Government House…

Under Financial Pressure, G.E.R.S. Will Raise Employer…

Ernice Gilbert | December 02, 2019

The Government Employees’ Retirement System will raise the employer contribution for its pension plan…

Watch: Coast Guard Rescues Crewmember of Cruise Ship…

Staff Consortium | November 27, 2019

Watch: The crew of a Coast Guard Air Station Borinquen MH-65 Dolphin Helicopter hoists a Filipino crewmember…

Territory's Amateur Boxing Squad Returns from the…

Robert Moore | November 26, 2019

The V.I. Department of Sports, Parks and Recreation sent 11 young Virgin Islands boxers to the “Sugar…

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VI Consortium Expands into the Caribbean

Staff Consortium | November 05, 2019

The Virgin Islands Consortium has expanded to provide Caribbean news coverage, with journalists spread about the five islands the company decided it would begin its expansion in. Company founder and ...

How to Navigate the New VI Consortium Website

Ernice Gilbert | November 05, 2019

By now you've probably looked around our new website, three years in the making, a bit. Thank you for being here.  When I set out to redesign VI Consortium, I took into consideration a number of sug...

WAPA’s $3 Million Gutterball Deal

Robert Moore | November 05, 2019 2

Over the past year, the Virgin Islands Water and Power Authority (WAPA) has leased an abandoned bowling alley, a tiny cottage and the surrounding parking lot for a staggering $500,000.04 per year. For...

New York Couple Quit Jobs, Open Restaurant in St. John

Staff Consortium | November 04, 2019

ST. JOHN -- New York couple John and Sarah Joyce recently quit their jobs and followed their dream of moving to the Caribbean to open a restaurant.  The Danforth, a Caribbean-inspired restaurant serv...

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