Beautiful Virgin Islands

Wednesday, Feb 18, 2026

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sections of the Retiring Allowances Legislative Service Amendment Act 2021 nicknamed the ‘Greedy Bill’ will be repealed.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from London, we will have a Cabinet paper which will put forward a decision to have the offending sections of that act repealed.”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.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK Inflation Falls to Ten-Month Low, Markets Anticipate Interest Rate Cut
UK House Prices Climb 2.4% in December as Market Shows Signs of Stabilisation
BAE Systems Predicts Sustained Expansion as Defence Orders Reach Record High
Pro-Palestine Activists Cleared of Burglary Charges Over Break-In at UK Israeli Arms Facility
Former Reform UK Councillors Form New Local Group Amid Party Fragmentation
Reform UK Pledges to Retain Britain’s Budget Watchdog as It Seeks Broader Economic Credibility
Miliband Defends UK-California Clean Energy Pact After Sharp Criticism by Trump
University of Kentucky to Host 2026 Summer Camps Fair Connecting Families with Local Programmes
UK Police Forces Assess Claims Jeffrey Epstein Used Stansted Airport Flights in Trafficking Network
UK-Focused Equity ETF FLGB Climbs to Fresh 52-Week Peak on Strong Market Sentiment
Trump Warns UK’s Chagos Islands Agreement Is a “Big Mistake” Amid Strategic Security Debate
Trump Urges UK to Retain Sovereignty Over Diego Garcia Amid Strategic Concerns
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
Reform UK Appoints Former Conservative Minister Robert Jenrick as Finance Chief
UK Unemployment Rises to Highest in Nearly Five Years as Labour Market Weakens
Rupert Lowe Advocates for English-Only Use in the UK
US Successfully Transports Small Nuclear Reactor from California to Utah
South Korea's traditional sand wrestling sport ssireum faces declining interest at home
Japan outlawed Islam
Virginia Giuffre accuses Epstein of trafficking to powerful men for blackmail.
New Mexico lawmakers initiate investigation into Zorro Ranch linked to Jeffrey Epstein
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
Nigel Farage Names Reform UK Frontbench Team and Signals Zero Tolerance for Internal Dissent
Qualcomm to Withdraw UK Lawsuit Over Smartphone Chip Royalty Dispute
Major UK Banks Explore Domestic Card Network to Rival Visa and Mastercard
Cold Health Alert Issued Across UK as Temperatures Drop Sharply
Nine-Year-Old Becomes First Child in UK to Undergo Groundbreaking Leg-Lengthening Surgery
UK Workers Face Stagnant Incomes and a Softening Labour Market as Unemployment Climbs
UK Passport Rules Tightened for British Dual Nationals Under New Travel Guidance
California Deepens Global Climate Alliance with New UK Pact and Major Clean-Tech Investment Drive
UK Supreme Court Tightens Rules on Use of ‘Milk’ and ‘Cheese’ Labels for Plant-Based Products
University of Kentucky Postpones Feb. 19 Law Enforcement Training Exercise in Lexington
‘The only thing illegal is Keir Starmer handing these islands to a country like Mauritius!’
JD Vance says Germany is “killing itself” by taking in millions of fake asylum seekers from culturally incompatible nations.
UK Markets Signal Opportunity as Starmer Confronts Intensifying Political Pressure
Trump Criticises Newsom’s UK Climate Pact, Defends Federal Authority Over Foreign Engagements
UK’s Top Prosecutor Says ‘No One Is Above the Law’ as Police Review Claims Against Ex-Prince Andrew
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
Prince William Meets Saudi Crown Prince as Epstein-Andrew Fallout Casts Shadow
Starmer Calls for Renewed ‘Hard Power’ Investment at European Security Summit
UK Police Establish National Taskforce to Handle Domestic Epstein-Linked Allegations
UK Court Rules Ban on Palestine Action Unlawful in Major Free Speech Test
UK Faces Prospect of Net Migration Turning Negative as Economic Impact Looms
Peter Mandelson Asked to Testify Before US Congress Over Jeffrey Epstein Links
Document Suggests Prince Andrew Shared UK Briefing on Afghan Investment Opportunities with Jeffrey Epstein
Beijing Brands UK Hong Kong Visa Expansion ‘Despicable and Reprehensible’ After Jimmy Lai Sentencing
Tesco Chief Warns UK Is ‘Sleepwalking’ Toward a Joblessness Crisis
Trump’s ‘Act of Great Stupidity’ Comment on UK Chagos Deal Reverberates Through Diplomacy and Strategy
New U.S. filings say Jeffrey Epstein repaid Les Wexner one hundred million dollars after theft allegation
Commerce Secretary Howard Lutnick acknowledges 2012 visit to Jeffrey Epstein’s private island as lawmakers scrutinise past ties
×