U.S. Virgin Islands Retirement plans

[rcline46]

A search using "virgin islands" was unsuccessful. Bummer.

I did find that USVI plans are subject to Title I of ERISA as are all plans of possessions and territories.

I know that plans in Puerto Rico have different rules than mainland plans. What I have not been able to locate is anything that tells me if USVI plans are subject to the same IRS rules as mainland plans.

Does anyone have any information or cites they can share?

Thank you.

[Guest RD73]

A search using "virgin islands" was unsuccessful. Bummer.

I did find that USVI plans are subject to Title I of ERISA as are all plans of possessions and territories.

I know that plans in Puerto Rico have different rules than mainland plans. What I have not been able to locate is anything that tells me if USVI plans are subject to the same IRS rules as mainland plans.

Late reply, but I came across your post today when researching the same issue. With regard to ERISA, I agree with your conclusions.

Regarding the IRC, the Naval Service Appropriations Act of 1922 (codified at 48 USC 1391, et al) applies the Internal Revenue Code to the Virgin Islands, with some exceptions (for example, taxes are to be paid to the treasuries of the islands) For retirement plans, the IRC applies.