The Government Employee Retirement System will make a bonus payment to V.I. government pensioners on Nov. 22, according to a statement from GERS.
In 2008, the V.I. Legislature enacted legislation creating the bonuses, funded from net V.I. Lottery revenues, for pensioners who are at least 60 years of age and have been receiving the pension for at least one year.
The Government Employee Retirement System received $1,091,093.91 from the Virgin Islands Lottery to make the annual bonus payment to the retirees, according to the GERS announcemen.
Sen. Shawn-Michael Malone sponsored the legislation, along with then-Sen. Carlton "Ital" Dowe. A slew of now former senators cosponsored it. The legislation [Act 7070] actually calls for $2.27 million from lottery revenues to be spent on the cash gifts to retirees, but has been limited by available lottery revenues, and is about $1.1 million this year