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GERS Sees Cash Coming in But Notes Cash Flow Problem

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Investment Officer Glenville Henderson told Government Employees’ Retirement System of the Virgin Islands Board of Trustees Thursday that its investment portfolio essentially broke even in January even though $20 million had to be withdrawn to pay retirees’ annuities. He attributed most of the earnings to the market starting off the year 2023 strongly.

Source: St. John Source | independent and trusted since 1999

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