Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Consultant

Sentinel Group
(Remote / Everett MA)

Sentinel Group logo

Relationship Manager for Defined Contributions KP

Daybright Financial
(Remote)

Daybright Financial logo

Retirement Plan Administrator

Pattison Pension
(Albuquerque NM / Hybrid)

Pattison Pension logo

Defined Benefit Plan Consultant/Actuarial Analyst

Sentinel Group
(Remote / Everett MA)

Sentinel Group logo

Retirement Relationship Manager

MAP Retirement
(Remote)

MAP Retirement logo

Regional Vice President, Sales

MAP Retirement
(Remote)

MAP Retirement logo

Retirement Plan Consultant

MAP Retirement
(Remote)

MAP Retirement logo

Plan Administrator, Defined Benefit & Cash Balance

The Pension Source
(Remote / Stuart FL / NY / TX / Hybrid)

The Pension Source logo

Strategic Retirement Plan Consultant

Retirement Plan Consultants
(Urbandale IA / Des Moines IA)

Retirement Plan Consultants logo

Retirement Plan Onboarding Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Data Administrator II

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Temporary Document Specialist

BPAS
(Utica NY)

BPAS logo

Plan Consultant - DB/CB

MAP Retirement
(Remote)

MAP Retirement logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Text of Third Circuit Opinion: Government of Virgin Islands Not Obligated to Fund Employees' Pension Plan (PDF)
U.S. Court of Appeals for the Third Circuit Link to more items from this source
Apr. 15, 2021

118 pages. "[The district court] determined that the consent judgment does not require the GVI to fund GERS for the delta between its assets and liabilities. We, too, find no anchor for this sweeping duty GERS seeks to impose on the GVI ... Even were we to cut that obligation on a rationale made of whole cloth, the system would remain insolvent. The citizens of the United States Virgin Islands -- population 106,405 -- simply cannot pay the necessary billions. The cure for GERS's chronic underfunding is not judicial but legislative[.]" [Government Employees Retirement System (GERS) of Virgin Islands v. Government of Virgin Islands (GVI), Nos. 20-1749, 20-1766 (3d Cir. Apr. 9, 2021)]  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).