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Senate Sends Securization Proposal to Committee for Further Review

Meeting in special session on Tuesday the V.I. Senate did not approve a newly revamped version of Gov. Albert Bryan Jr.'s securitization proposal, instead, sending it to the Finance Committee for further consideration.

Senators Express Confusion About Changes to GERS Bail Out Bill, But Pass it in a Close Vote

Confusion swept through the Legislature on Thursday during a special session at which senators were called to vote on changes to a debt refinancing bill that aims to rescue a fiscally crumbling pension system. By an 8-6 margin, the newly amended legislation narrowly passed.

Senate Passes Heavily Amended GERS Bail Out Bill

The governor’s proposed bill that aims to bail out the Government Employees' Retirement System was passed by the Legislature at a Friday special session, the culmination of Thursday’s Finance Committee hearing that moved into special session before being recessed.

Split Finance Committee OKs Pension Bail Out Bill With Hesitations

The Senate Finance Committee on Thursday narrowly advanced Gov. Albert Bryan Jr.'s bill that aims to bail out the Government Employees' Retirement System by securitizing the territory’s Matching Fund debt.
Senate President Novelle Francis conducts Monday’s legislative session. (Barry Leerdam, USVI Legislature)

‘Brain Drain’ Bill Held in Committee

Senators voted Tuesday to hold a bill that aims to allow government workers who left regular, protected classified government jobs for high-pay at-will exempt jobs to return to regular, protected government work, if they have 10 years of service.
Commissioner of the Department of Labor Gary Molloy testifies before an October hearing. (File photo)

Senators OK Bill Mandating Businesses Display Labor Law Posters

The Senate Committee on Government Operations, Consumer Affairs, Energy, Environment and Planning on Thursday unanimously moved forward a bill that would mandate businesses post a series of labor law posters in visible locations in their establishments.

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