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Bill

Bill

36-0032

An Act amending title 33 Virgin Islands Code, subtitle 3, chapter 111, section 3080 by limiting the salary amount used to compute the service retirement annuity for the Governor and the Lieutenant Governor of the Virgin Islands

2025-2026 Regular Session

Bill caps the salary used to calculate Virgin Islands Governor and Lieutenant Governor retirement benefits, reducing potential long-term pension obligations.

Sent to Lt. Governor
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WeVote Research Nonpartisan
Bill Summary · 36-0032

Legislative bill overview

Bill 36-0032 modifies how retirement benefits are calculated for the Governor and Lieutenant Governor of the Virgin Islands by capping the salary amount used in the computation. This limits what portion of their compensation can be factored into their service retirement annuity calculations, potentially reducing their retirement payouts.

Why is this important

Gubernatorial retirement benefits represent significant long-term public expenditures. This amendment directly affects the fiscal obligations of the territorial government and addresses concerns about executive compensation. The bill's veto and subsequent legislative action indicate substantive disagreement over retirement policy for top officials.

Potential points of contention

  • Fiscal impact trade-offs: Whether the salary cap meaningfully reduces government liability or merely shifts costs without substantive savings
  • Recruitment and retention: Concerns that limiting retirement benefits could deter qualified candidates from seeking these offices, or arguments that this adjustment is justified given public sector constraints
  • Retroactive application: Whether the cap applies only to future service or affects previously accrued benefits, raising fairness and legal enforceability questions
  • Precedent setting: Whether limiting executive retirement benefits should extend to other senior officials or represents an appropriate distinction for the top two positions

Compiled from official sources — confirm details with the bill’s official record.

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