Limitation on compensation of retired contractual employees

3 V.I.C. § 755a — under Tier II Retirement Benefits Program.

3 V.I.C. § 755a

No retiree of the federal government, the Government of the Virgin Islands, or of the private sector shall be employed by the Government of the Virgin Islands on a contractual basis the compensation of which exceeds the highest rate of salary received by that employee before retirement, and in any case such rate of compensation shall not exceed $55,000 per year.