(a) The employees of the Corporation shall also be employees of the Commission and shall perform such tasks as may be assigned by the Chief Executive Officer or Assistant Executive Officer. All employees of the Corporation shall be in the “exempt service” and shall serve at the pleasure of the Commission.
(b) All employees of the Corporation shall be covered by and subject to the Government Employees Retirement System of the Virgin Islands, the Workmen's Compensation Act, and Health and Unemployment Insurance to the same extent as other exempt employees of the government. The Corporation shall:
(1) Contribute to the Retirement System of the Government of the Virgin Islands its share of the cost of the retirement of the officials and employees on the basis of semiannual billings as determined by the Board of Trustees of the Government Employees Retirement System, Government of the Virgin Islands, and the contribution of officials and employees for retirement shall be deducted from the salaries in the same manner as in the case of regular employees of the Government of the Virgin Islands and shall be paid semiannually to the Retirement Fund of the Government of the Virgin Islands;
(2) Contribute to the Government Insurance Fund, on the basis of annual billings as determined by the Commissioner of Finance for the benefit payments made from such fund on account of the Corporation's employees. The annual billings shall also include a statement of the fair portion of the cost of the Government Insurance Fund, which shall be paid by the Corporation into the Treasury of the Virgin Islands as miscellaneous receipts;
(3) Make contributions, pursuant to Title 3, section 638, Virgin Islands Code, to the cost of premium or subscription charges for employee health insurance coverage under subchapter VIII of Title 3, Virgin Islands Code.
(4) Be deemed an employing unit for purposes of unemployment insurance, as defined in Title 24, section 302(j)(1), of this Code, and the Corporation shall make payments to the Unemployment Insurance Subfund and the Unemployment Insurance Administration Subfund in lieu of contributions in the same manner provided for the Government of the Virgin Islands by Title 24, section 308(d), of this Code.