Virgin Islands WAPA owes GERS millions, no payment plan implemented
The V.I. Water and Power Authority owes the Government Employees’ Retirement System around $2 million for employer contributions, and a payment plan for the debt is nonexistent.
In September, board members agreed to give WAPA 60 days to negotiate a payment plan, and according to the motion, GERS was to “pursue litigation, if necessary, to collect the money.”
At a meeting Thursday, Board member Andre Dorsey asked GERS Administrator Austin Nibbs for a status update on the payment plan. Nibbs reported that GERS is waiting to meet with the new WAPA executive director, Andrew Smith, to give him an overview on the payments, and that GERS is still owed around $2 million.
“We didn’t want to commit to anything before they had someone new coming on board,” Cathy Smith, the board’s legal counsel, added.
Read more: http://www.virginislandsdailynews.com/news/wapa-owes-gers-millions-no-payment-plan-implemented/article_6e8a84a8-ec91-56ab-b463-42e1c7b1559e.html