Act No. 8645 (34th Legislature) — An Act appropriating funds from the Virgin Islands Lottery in fiscal year 2022 to the Government Employees Retirement System for bonus pay s
ACTNO. 8645 BILL NO. 34-0333 THIRTY-FOURTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2022 An Act appropriating funds from the Virgin Islands Lottery in fiscal year 2022 to the Government Employees Retirement System for bonus pay shortfalls from fiscal years 2021 and 2022 ---0-— WHEREAS, Act No. 7070 mandates the Virgin Islands Lottery to transfer not less than $2,270,000 of net income by July 15th of each year to the Government Employees Retirement System for the annual bonus payment to retirees 60 and older; WHEREAS, the Virgin Islands Lottery has failed to transfer the required amounts in fiscal years 2018, 2019, 2020, 2021 and 2022; and WHEREAS, the Legislature of the Virgin Islands, in Act No. 8578, appropriated $3,434,994.14 to retroactively pay retirees their annual bonus pay shortfalls for fiscal years 2018, 2019, and 2020; Now, Therefore, Be it enacted by the Legislature ofthe Virgin Islands: SECTION 1. …
Download the original document · Browse the archive · How this archive works
Archive identifier LF-ca1f1e4b0041