Bill No. 36-0250 - An act amending title 3 Virgin Islands Code, chapter 27, section 717(c) relating to personal loans made to members of the Government Employees’ Retirement
COMMITTEE ON GOVERNMENT OPERATIONS, VETERANS AFFAIRS AND CONSUMER PROTECTION 07/10/2026-REPORTED OUT TO THE FLOOR 06/29/2026-AMENDED AND REPORTED OUT TO THE COMMITTEE ON RULES AND JUDICIARY BILL NO. 36-0250 Thirty-Sixth Legislature of the Virgin Islands February 10, 2026 An act amending title 3 Virgin Islands Code, chapter 27, section 717 relating to personal loans made to members of the Government Employees’ Retirement System PROPOSED BY: Senator Marise C. James Sponsors: Clifford A. Joseph, Sr., Avery A. Lewis and Angel L. Bolques, Jr. Co-sponsors: Ray Fonseca and Novelle E. Francis, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 3 Virgin Islands Code, chapter 27, section 717 is amended by 2 inserting the following subsection (d): 3 (d) Notwithstanding any other law, the System shall not reduce, revoke, or 4 otherwise alter a member’s service resulting from a default or delinquency on any loan 5 or financial obligation made through or administered by the System. …
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COMMITTEE ON GOVERNMENT OPERATIONS, VETERANS AFFAIRS AND CONSUMER PROTECTION 07/10/2026-REPORTED OUT TO THE FLOOR 06/29/2026-AMENDED AND REPORTED OUT TO THE COMMITTEE ON RULES AND JUDICIARY BILL NO. 36-0250 Thirty-Sixth Legislature of the Virgin Islands February 10, 2026 An act amending title 3 Virgin Islands Code, chapter 27, section 717 relating to personal loans made to members of the Government Employees’ Retirement System PROPOSED BY: Senator Marise C. James Sponsors: Clifford A. Joseph, Sr., Avery A. Lewis and Angel L. Bolques, Jr. Co-sponsors: Ray Fonseca and Novelle E. Francis, Jr. Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 3 Virgin Islands Code, chapter 27, section 717 is amended by 2 inserting the following subsection (d): 3 (d) Notwithstanding any other law, the System shall not reduce, revoke, or 4 otherwise alter a member’s service resulting from a default or delinquency on any loan 5 or financial obligation made through or administered by the System. Nothing in this 6 subsection shall prohibit the System from pursuing collection of outstanding debts 7 through lawful means, provided such actions do not alter the member's service. Service 8 shall reflect the actual duration of government employment. 9 BILL SUMMARY 10 This bill amends title 3 Virgin Islands Code, chapter 27, section 717, subsection (c) by 11 creating a prohibition against the reduction of a member’s credited service in the event of a 12 2 member’s default or delinquency on a personal loan made through or administered by the 1 Government Employees’ Retirement System. 2 BR25-0636/January 16, 2026/LMW 3 ..\..\..\..\AMENDS\36th Legislature\JAMES, MARISE C\Amendment 36- 4 770\Amendment No. 36-770-(REVISED) DRAFTED ON YELLOW.docx 5