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§ 736 — 736 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

736

U.S. Virgin Islands § 736 — U.S. Virgin Islands law

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(a) Neither the government nor any agency, department, or instrumentality may fail or refuse to pay the employer's contribution required by this chapter within the applicable time limitation.\n(b) Whenever any agency, department[,] instrumentality, or employer fails to make timely contributions, interest shall accrue on the amount of the contributions not paid based on the system's domestic fixed income investment rate of return not to exceed the rate of 9%.