The Board is composed of seven members that represent the Government Employees’ Retirement System of the Virgin Islands (GERS).
Board members are appointed by the USVI Governor with confirmation from the Legislature.
All Board members serve on the Board until his or her successor is appointed and approved.
Currently, three members represent St. Croix, two St. Thomas, and one St. John.
Every two years, a new Chairperson and Vice-Chairperson are elected by the GERS Board at its January or February regular meeting.
The Chairperson and the Vice-Chairperson can only serve two terms as elected officials.
The Administrator of the GERS serves as the Secretary to the Board.
The Board’s fiduciary responsibilities include making sound and prudent investment decisions to maximize GERS’ returns.
This includes but it’s not limited to determining investment asset allocations, setting internal governance policies, among other tasks.
The GERS Board does not have the authority to add, change, or delete benefits without the Legislature’s approval. However, it can make recommendations to Legislative Acts and Bills as it relates to GERS.
The Board is committed to ensuring GERS is well-managed and remains financially solvent for its members.