BVI, Caribbeanand International News

Cabinet to soon make decision on repealing sections of ‘greedy bill’ - Premier Wheatley

Cabinet to soon make decision on repealing sections of ‘greedy bill’ - Premier Wheatley

Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has affirmed that as soon as he returns from a planned trip to London, the offending sections of the Retiring Allowances Legislative Service Amendment Act 2021 nicknamed the ‘Greedy Bill’ will be repealed.

The Premier was at the time speaking at a press conference and General Update today, May 2, 2023, on matters in the VI.

“Soon at the cabinet meeting, perhaps after I return from London, we will have a Cabinet paper which will put forward a decision to have the offending sections of that act repealed.”

He added, “But as the Attorney General [Dawn J. Smith] reminded us, and when we had the recalled House of Assembly, it's important for us to go through the legislative process, so we don't want to make mistakes and we don't want to skip steps,” he added.

He assured, however, that as soon as he returns from his trip, a decision to repeal the offending sections of the Legislative Retirement Allowances Act will be made, in keeping with promises made in the 2023 elections campaign trail in the VI.

Ahead of the April 24, 2023 Elections, a decision was taken to not repeal the bill at a recalled House of Assembly on advice of the Attorney General.

The Retiring Allowances Legislative Service Amendment Act 2021, nicknamed the ‘Greedy Bill’, became a hot topic during the 2023 campaign trail.

Problematic parts of the bill

Problematic parts of the legislation, according to critics, included sections that specify if a legislator has served three terms in the House of Assembly, that legislator receives a gratuity in the amount of $250,000-300,000 immediately upon retirement if they are 50 years or older.

Further, three-term legislators would receive his or her current salary per month for a fixed number of years as if they were working.

The Premier added that for persons already entitled to benefits, legal advice would be sought since those persons cannot be disenfranchised.

“That is something that we're going to need legal advice on, persons who have already become entitled to benefits. We certainly don't want to disenfranchise anyone from a legal perspective and taking away rights, which they have already earned.

He added, “but for me, the ideal situation is to come up with salaries from an independent body... Pricewaterhouse Coopers is currently conducting a review of salaries and we would want for them to recommend salaries for legislators, which is commensurate with the roles and responsibilities and also takes into consideration all other professions,” he said.


Related Articles

Actor Tom Hanks told Harvard University graduates to be superheroes in their defense of truth and American ideals, and to resist those who twist the truth for their own gain
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
France Arrests 10 on Suspicion of Failing to Respond in Time to Migrant Drowning
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Is Saudi Arabia the holiest place in the world? Ancient Hebrew Inscriptions from "The Mount Sinai Stand" Discovered in Saudi Arabia
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
TikTok Sues Montana Over Law Banning the App
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Last Walmart in North Portland Closing Down
Florida's DeSantis seeks to disqualify judge in Disney case
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Debt Ceiling Crises Have Unleashed Political Chaos
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
The Prime Minister of St. Vincent and the Grenadines calls the British monarchy "an absurdity" he wants to remove in his lifetime
King Charles III being crowned.
'Godfather Of AI' Geoffrey Hinton Quits Google To Warn Of The Tech's Dangers
A Real woman
Vermont Man Charged with Stalking After Secretly Tracking Woman with Apple AirTag
Elon Musk Statements About Tesla Autopilot Could Be 'Deepfakes,' Lawyers Claim. Judge Evette Pennypacker Does Not Understand How Far and Advanced This Technology Became
Ukraine More Prepared for Counterattack as Reinforcements Arrive
UK Prime Minister Rishi Sunak and Italian Prime Minister Giorgia Meloni Discuss Migration, Defence, and Ukraine
AT&T's Successful Test of Satellite-Based Phone Call Raises Possibility of Widespread Coverage
CNN: "Joe Biden is asking for four more years — when 74% of Americans think the country is heading the wrong way“
Turkish President Recep Tayyip Erdogan Cuts Short Live TV Interview Due to Health Issue
US Congresswoman threaten Twitter Files journalist with arrest
Pulitzer Prize-winning journalist Seymour Hersh slams New York Times' pro-government stance and treatment of sources
Enough is enough: it's time to end the war in Ukraine. While Russia may be to blame for starting it, Russia is not the one refusing to stop it
Fox News Settles their case with Dominion Voting Systems for a staggering $787.5 MILLION
AG decries scapegoating and rushed lawmaking by government
The land of the free violence
21-year-old Massachusetts Air National Guard member Jack Teixeira has been arrested for leaking classified Pentagon Documents
The Supreme Court will allow a 12-year-old transgender West Virginia girl to compete on her middle school’s girls' sports teams amid a lawsuit over a ban
Bank of America cuts short conference after outrage at Ukraine comments
Revealed: royals took more than £1bn income from controversial estates
Mitt Romney calls Trump indictment 'overreach,' says charges were 'stretched' to suit a 'political agenda'
The G-7 aims to make global crypto regulations tougher
Don’t Dismiss China’s Peacemaking Bid
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
Nashville style execution