Rum Tax Gives Lifeline to U.S. Virgin Islands Government Employees’ Retirement System
Posted on 04/08/2022
The U.S. Virgin Islands Government Employees’ Retirement System got notice that they will receive contributions of US$ 247 million in 2022 and a total of US$ 4 billion over the next 30 years as the result of the closing of a securitization deal involving rum tax collections completed by the Virgin Islands government’s finance authority.…
