GERS GASB 68 Allocation of Net Pension Liability to Plan Sponsors FYE 9/30/2022
9635350v1/00326.002 333 West 34th Street New York, NY 10001-2402 T 212.251.5000 segalco.com April 5, 2023 Mr. Austin Nibbs Administrator Government Employees’ Retirement System of the Virgin Islands (GERS) 3438 Kronprindsens Gade St. Thomas, U.S. Virgin Islands 00802 Dear Mr. Nibbs: We are pleased to submit the following exhibits intended to be used for satisfying certain reporting requirements by the Governmental Accounting Standards Board (GASB) Statement No. 68 for the fiscal year ending September 30, 2022. These exhibits were prepared in accordance with generally accepted actuarial principles and practices at the request of the Board to assist the Retirement System and its contributing employers in administering and complying with all applicable disclosure requirements under GASB 68. In general, the allocations provided in these exhibits are based on paid employer contributions information provided by the staff of the GERS for the period October 1, 2016 through September 30, 2021. …
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