News
Bill: 32-0089, 32-0150 & 32-0102
Subject: Bill: 32-0089, 32-0150 & 32-0102
amended by Act. 7095, for school deferred maintenance was reported out
to the floor on 9/1/2017. This Bill will be consider on 12/21/2017Bill: 32-0150,(G32-0032, To authorize the Government to enter FEMA
Community Disaster Loan. What I would call the fix all loan less
GERS,secure by the full faith and credit and taxing power of the
Government. The bill was place on the Agenda 11/21/2017 and held. On
12/18/2017 additional information was submitted by Senator Blyden.
This Bill could be added to the agenda on 12/21/17
Bills No. 32-0089 and 32-0150 would target the Rum Cover Over to repay
the loan, it would taking away all outstanding funds from Act. 7261,
in an attempt to derail SCGR Writ of Mandamus.
Let's look at year 2018 affect on GERS
1.) Trump Tax Law to help big business.
2.) Congress reducing the Tax on rum.
3.) FEMA Disaster loan back by the Rum Cover Over and any VI tax.
4.) The propose TIF for Hotel Development (free money)
5.) IN order for the GVI to deliver basic service local tax and fees
would be added or increase .
6.) After the 2018 election I predict health insurance cost shearing
would go up for members.
7.) IOU,s, 84% retro wage estimated at $250M , 8% for two years
Bill No. 32-0102 will also be consider on 12/21/17 to allow nurse,
teacher or police offices to reenter government service for up to 2
years and continue to receive his /her annuity without contribution to
GERS. It also give all other retiree who reinter without paying
contributions to GERS . Ten days after the Act it authorize GERS to
give them 30 day notice if they remain in Government service their
retirement payment will stop an shall contribute to GERS. The bill
also allow anyone 60 and older and not receiving a GERS annuity to
reenter government service with the option of becoming a member of the
system.
