Content starts here
AARP AARP States Uncategorized

Government Pensions in Trouble

© Istockphoto/PeskyMonkey

Things are looking shaky for Virgin Islands government workers who are at or near retirement. The Government Employees Retirement System is headed for bankruptcy in less than a decade due to insufficient contributions, a declining ratio of employees to retirees and lower-than-expected interest income.

In 2013, a government task force recommended possible fixes such as increasing contributions, setting a minimum retirement age and prohibiting people from collecting a pension while still working.

“About 8,200 government retirees buy goods and services in the Virgin Islands, so this crisis could hurt our local economy,” said Denyce Singleton, AARP state director. To suggest solutions or share concerns, email


About AARP States
AARP is active in all 50 states and Washington, DC, Puerto Rico and the U.S. Virgin Islands. Connect with AARP in your state.