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The board of the Government Employees Retirement system has recommended a 42 percent reduction in practically all benefit payments. The reduction would take effect on Jan. 1.
The Government Employees Retirement System trustees heard a plan to save the failing pension system, but it will take 20 years and see present retirees’ monthly checks cut by 44 percent.
Tens of millions of dollars in revenue for the Virgin Islands are practically up in smoke as the COVID-19 pandemic forced cruise ship cancellations, a ban on hotel stays and a stay-at-home order that all but cut off the territory’s lifeblood: tourism.
The bulk of a meeting of the Board of Directors of the West Indian Company Thursday was taken up by unresolved issues related to the decision by the Government Employees Retirement System to terminate WICO as manager of Havensight Mall.
A new adventure has made its debut on the island of St Thomas and allows participants to experience what it’s like to be a pirate and go on their very own treasure hunt. Xcape, whose parent company is Xelestial Rain Entertainment, has created a pop-up escape room.
Since the beginning of May, owners Smith and Cathy Smith have expanded their wholesale business and opened their own coffee shop in Havensight, supplying St. Thomas residents with artisanal brews that are custom blended on site.