Act No. 7070 (28th Legislature) — An Act amending 3 V.I.C., chapter 27, section 729 (b) to allow for a cost of living increase in the annuitants’ pensions ---0---
ACTNO. 7070 BILL NO. 28-0020 TWENTY-EIGHTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2009 An Act amending 3 V.I.C., chapter 27, section 729 (b) to allow for a cost of living increase in the annuitants’ pensions ---0--- WHEREAS, the community is being negatively affected by increases in the basic necessities of life and is in need of some assistance; and WHEREAS, grocery prices have risen dramatically; and WHEREAS, prescription drugs costs are on a steady increase; and WHEREAS, the cost of gasoline has risen to record-high levels; and WHEREAS, the cost of electricity has sky rocketed; and WHEREAS, the energy crisis has produced a dramatic increase in the cost of living, and persons on a fixed income have been impacted more adversely than others; Now Therefore, Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 3 Virgin Islands Code, Chapter 27 is amended by adding section 729b to read: “§8729b. …
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