In Gov’t Emp. Ret. Sys. of the Virgin Islands v. Gov’t of the Virgin Islands, the Third Circuit reviewed a challenge from the Virgin Islands’ public pension system against the territory’s government for failing to fund the pensions system properly. The Third Circuit affirmed the District Court’s award of principal owed but reversed the District Court’s application of late-arriving interest and penaltIes. The Third Circuit found that much of the problem was beyond the judicial branch’s scope and should be remedied in the legislative branch.
