GERS Administrator/CEO, Austin L. Nibbs, would like to advise the retirees who received the annual V.I. Lottery Bonus for Fiscal Years 2018, 2019, and 2020, that they will be receiving the gross/net bonus payments as displayed below according to Act No. 8578 (Bill No. 34-0167) which was sponsored by Senator Donna A. Frett Gregory, and signed by Governor Albert Bryan, Jr. on Monday, August 8, 2022.
| Year | Act 8578 | Retiree Count | Gross | Tax Rate | Deduction Tax | Net Pay |
| 2018 | $1,015,005.93 | 7,254 | $139.92 | 22% | $31.00 | $108.92 |
| 2019 | $928,825.37 | 7,245 | $128.20 | 22% | $28.00 | $100.20 |
| 2020 | $1,491,162.84 | 7,433 | $200.61 | 22% | $44.00 | $156.61 |
The beneficiaries of the deceased retirees will receive their payments.
The GERS will advise the retirees when the bonus payments will be released.
Press Release
