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AMENDMENT IN THE NATURE OF A SUBSTITUTE TO BILL NO. 36-0250

Collection
Hearing Records
Sub-shelf
Government Operations, Veterans Affairs and Consummer Protection
Kind
Hearing Record
Entity
Legislature of the Virgin Islands
Date
2026
Type
Bills
Pages
1
Text
Native Text
Identifiers
Bills, Bill 36-0250

s/AWCJR AMENDMENT IN THE NATURE OF A SUBSTITUTE TO BILL NO. 36-0250 Offered by Senator Marise C. James Bill No. 36-0250 is amended by striking all the language after the short title and inserting the following: “SECTION 1. Title 3 Virgin Islands Code, chapter 27, section 717, subsection (c) is amended by inserting the following new paragraph after the existing second paragraph: Notwithstanding any other law, the System shall not reduce, revoke, or otherwise alter a member’s credited service resulting from a default or delinquency on any loan or financial obligation made through or administered by the System. Nothing in this subsection shall prohibit the System from applying appropriate offsets to future benefit distributions or pursuing collection of outstanding debts through other lawful means, provided such actions do not alter the member's earned credited service. …

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Original source: https://legvi.org/committeemeetings/Government%20Operations,%20Veterans%20Affairs%20and%20Consummer%20Protection/June%2029,%202026/Bills/Amendment%20No.%2036-770%20-%20DRAFTED%20ON%20YELLOW%20to%20Bill%20No.%2036-0250.pdf

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A proceeding of the Legislature of the Virgin Islands, open to the public under 3 V.I.C. § 881, which reaches any committee of any branch of government and permits the news media to publish what it records.

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Archive identifier LF-8aef3171a8b0

Document text

s/AWCJR AMENDMENT IN THE NATURE OF A SUBSTITUTE TO BILL NO. 36-0250 Offered by Senator Marise C. James Bill No. 36-0250 is amended by striking all the language after the short title and inserting the following: “SECTION 1. Title 3 Virgin Islands Code, chapter 27, section 717, subsection (c) is amended by inserting the following new paragraph after the existing second paragraph: Notwithstanding any other law, the System shall not reduce, revoke, or otherwise alter a member’s credited service resulting from a default or delinquency on any loan or financial obligation made through or administered by the System. Nothing in this subsection shall prohibit the System from applying appropriate offsets to future benefit distributions or pursuing collection of outstanding debts through other lawful means, provided such actions do not alter the member's earned credited service. Credited service shall reflect the actual duration of government employment and contributions made in accordance with applicable statutes and shall not be affected by any financial penalties, offsets, or administrative remedies related to loan defaults. SECTION 2. Any past reduction of a member’s credited service by the System because of a default or delinquency on a personal loan shall be reversed within 90 days of the effective date of this act. The System shall notify affected members of the corrective action in writing.” Amendment No. 36-770/March 26, 2026/AA