GERS Administrator/CEO Austin L. Nibbs would like to advise the retirees who received the annual V.I. Lottery Bonuses for Fiscal Years 2018, 2019, and 2020, that they will receive the additional net bonus payments under Act No. 8578 as follows:
Act No. 8578
The beneficiaries of the deceased retirees who received the annual V.I. Lottery Bonuses for Fiscal Years 2018, 2019, and 2020, will receive their net payments after the due diligence protocol is completed.
Payment Method
The net bonus payments will be paid in the same manner that the regular annuity payments are paid.
By November
The net bonus payments for 2021 and 2022 will be completed before the end of November.
Bonus Payments Schedule
