Press Release

Governor Bryan Signs Historic Legislation That Will Refinance Rum Cover-Over Debt to Stabilize GERS

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February 8, 2022

Press Release

U.S. VIRGIN ISLANDS — In the first official function at Government House on St. Thomas since the building was destroyed by the 2017 hurricanes, Governor Albert Bryan Jr. signed historic legislation that allows the Government of the Virgin Islands to refinance the Rum Cover-Over Matching Fund bonds and use the savings from better interest rates to stabilize the Government Employees’ Retirement System (GERS) for at least 30 years.

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