Labor Commissioner Gary Molloy informs the public that in preparation for the New Payroll Variation Experience Rating System that goes live in 2024, the V.I. Department of Labor (Labor) will host town hall meetings for employers throughout the territory.
The payroll variation is an unemployment insurance tax system that seeks to provide adequate funds for the Virgin Islands Unemployment Trust Fund. This new tax system will provide sufficient funding for paying benefits to unemployed Virgin Islanders. It is imperative that all employers attend these meetings because all employers are affected by the unemployment insurance tax rates.
Employer tax rates may increase, decrease or remain the same upon implementation of this new tax system. The town hall meetings will provide an opportunity for employers to question the department’s staff regarding these changes.
Below is the schedule for the upcoming town hall meetings. All meetings will take place from 6-8 p.m.
Click the link to register to attend in your desired location:
St. Croix, February 21
– The University of the Virgin Islands Great Hall
https://www.eventbrite.com/e/vidol-unemployment-insurance-employer-town-hall-tickets525946388807
St. John, February 22
– The Legislature Annex
https://www.eventbrite.com/e/vidol-unemployment-insurance-town-hall-stt-tickets-525952125967
St. Thomas, February 23
– The Windward Passage Hotel
https://www.eventbrite.com/e/vidol-unemployment-insurance-town-hall-stt-tickets-525952125967
If there are any questions, contact Labor’s Unemployment Insurance Division at 773-1994 on St. Croix or 776-3700 on St. Thomas. People can also visit www.vidol.gov. Follow the V.I. Department of Labor on Facebook for up-to-date information.
