Beautiful Virgin Islands

Thursday, Mar 05, 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sections of the Retiring Allowances Legislative Service Amendment Act 2021 nicknamed the ‘Greedy Bill’ will be repealed.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from London, we will have a Cabinet paper which will put forward a decision to have the offending sections of that act repealed.”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 Interest Rates Could Rise Above Four Percent Again if Energy Shock Continues, Think Tank Warns
Starmer Defends Britain’s Iran Strategy as Badenoch Urges Stronger Military Support
Labour MP Says She Saw No Sign Husband Broke Law After Arrest in China Espionage Investigation
UK Jobless Rate Overtakes Italy’s for First Time in Years as Labour Market Weakens
United Kingdom Suspends Student Visas for Four Countries in Unprecedented Immigration Move
Campaigners Warn UK Student Visa Ban Could Push Migrants Toward Dangerous Channel Crossings
First U.K. Charter Flight for Stranded Nationals Set to Depart Oman Amid Middle East Crisis
France and United Kingdom Deploy Warships to Eastern Mediterranean as Middle East Conflict Escalates
U.K. Arrests Three Men Including Lawmaker’s Partner in Suspected China Espionage Investigation
Trump Says UK–US ‘Special Relationship’ Is Diminished Amid Middle East Dispute
UK Economic Forecasts Face Fresh Strain from Middle East Conflict and Rising Energy Costs
UK Reaffirms Close US Ties After Trump’s Public Criticism
Reeves Stresses Stability and Fiscal Discipline in UK Budget Update as Growth Outlook Shifts
UK Deploys Royal Navy Destroyer HMS Dragon to Cyprus After Drone Strike on RAF Base
Green Party Surges Past Labour in New UK Poll as Traditional Party Support Crumbles
Majority of Britons Oppose U.S. Use of UK Military Bases in Iran Conflict
UK Intensifies Evacuation Efforts from Oman, Working with Airlines to Boost Flight Capacity
Trump Condemns UK and Spain in Unusually Sharp Rift Over Iran Military Action
Trump Repeats UK Claims That Diverge from Verified Facts Amid Diplomatic Strain
UK Arrests Prominent Figures Linked to Epstein Network as Questions Mount Over US Action
Trump Says UK ‘Took Far Too Long’ to Approve Use of Airbases for Iran Strikes
Scope of Britain’s Role in the Expanding Middle East Conflict Comes Under Scrutiny
Trump Says He Is ‘Very Disappointed’ in Starmer Over Iran Comments
U.S. Embassy in Riyadh Struck by Drones Amid Escalating Iran Conflict
Starmer Confronts Strategic Test After Drone Strike Near British Base in Cyprus
Rolls-Royce Chief Signals Openness to Germany Joining UK-Led Fighter Jet Programme
UK Stocks Slip as Escalating Iran Conflict Triggers Global Market Selloff
UK Overhauls Asylum System to Make Refugee Status Temporary
Starmer Warns of ‘Reckless’ Iranian Strikes Amid Escalating Regional Tensions
British Base in Cyprus Targeted as Drones Intercepted Amid Expanding Iran Conflict
Starmer Diverges from Trump on Iran Strategy, Rejects ‘Regime Change from the Skies’
Violent Pro-Iranian Protesters Storm U.S. Consulate in Karachi
Missile Debris Sparks Fires at Dubai’s Jebel Ali Port Near Palm Jumeirah
Iran Strikes U.S. Fifth Fleet Headquarters in Bahrain Amid Wider Gulf Retaliation
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
×