80.3 F
Charlotte Amalie
Thursday, April 25, 2024
HomeNewsArchivesGERS EXTENDS HOURS FOR EARLY RETIREMENT

GERS EXTENDS HOURS FOR EARLY RETIREMENT

Government employees trying to meet the Nov. 18 deadline for applying for early retirement will get help this weekend. Government Employee Retirement System offices on St. Thomas and on St. Croix will be open from 8 a.m. to 5 p.m. Saturday, solely for the purpose of taking applications.
GERS is accepting applications despite its lawsuit against the government over a provision in the Public Employees Voluntary Separation Incentive Act of 2000. At issue is the section which allows employees with up to 28 years of service to buy advance credit through reductions from future retirement payments to make up a 30-year tenure.
There is no age eligibility, but retirees under the program must have at least 28 years of actual credited service.
Staff in the St. Croix GERS office Wednesday reported many employees were interested in applying or seeking more information. At a recent workshop, Joanne Berry, personnel director, said some 800 employees may qualify.
The administration of Gov. Charles W. Turnbull is seeking to reduce the active workforce through early retirement and attrition. Under the program, only one-third of the retirees will be replaced.
Workers have little time to make their decision. The Act was signed into law Oct. 18. It calls for application by Nov. 18 and actual retirement as of Dec. 18.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

UPCOMING EVENTS

UPCOMING EVENTS