September 17, 2005
Fund asked to support BoS’ request to end receivership
Bank of Saipan is asking the NMI Retirement Fund to support its petition to end the bank’s receivership status, according to Fund administrator Karl T. Reyes. “The bank is asking whether the Fund could support for the end of receivership. What the board did was to meet with parties to personally hear from them,” said Reyes. He said BoS representatives as well as bank receiver Antonio Muna presented the proposal during the Fund board’s meeting Thursday afternoon and Friday morning. The Attorney General’s Office, likewise, presented its position on the issue during the meeting.
Nation’s POWs, MIAs honored in ceremony
Four black flags to remember and honor the country’s prisoners of war and missing in action were raised at half-mast yesterday morning at American Memorial Park. Military and Veterans Affairs Office executive officer Ruth Coleman led the ceremony together with former prisoner of war Pete Callaghan and retired officers of the United States Army and Marine Corp. Coleman said the flags would be flying for 24 hours to honor the POWs and MIAs of the U.S. “The ceremony is our way to remember our comrades like the POWs and the missing ones and let them know that they are not forgotten,” Coleman said. She said the ceremony which started last year was also attended by war veterans.
September 17, 2006
’Dual membership possible’
Some government employees have the option to become a member of both the existing defined benefit plan and the defined contribution plan, which takes effect about three months from now, said NMI Fund acting administrator Mark A. Aguon. In an interview Friday, Aguon said the defined contribution law, which will kick off on Jan. 1, 2007, is quite inclusive, allowing some existing members to enroll in the new plan and keep their accounts in the defined benefit program at the same time. However, it may be up to the third party administrator if such an arrangement would be made. Likewise, if that setup is pursued, the government would contribute to only one program, most likely the defined benefit plan.
’Japan trip very positive, productive’
Members of the tourism task force who flew to Japan this week described the trip as “very positive and productive.”Marian Aldan-Pierce, president of DFS Galleria and vice-chair of Marianas Visitors Authority board said the delegation, which was headed by Gov. Benigno R. Fitial, was able to meet and hold half-day meeting with people from the airline industry and major travel companies. “We had a meeting with the airlines and a couple of major travel wholesalers. So the meeting was really good. Everybody that we invited came in,” said Aldan-Pierce in a brief interview.
September 17, 2007
AGO: Attorney’s fees, costs are only independent relief sought by taxpayers
Attorney’s fees and costs are the only independent relief sought by five taxpayers who want to intervene in the NMI Retirement Fund’s lawsuit against the CNMI government, according to the Attorney General’s Office. Deputy Attorney General Gregory Baka said if the Superior Court allows the request for intervention, it will greatly increase the costs, consumption of court time, and delay the litigation. “Balanced against the increased delays, costs and loss of judicial economy, the applicants’ attempts to intervene to assert the rights of the Fund and new causes of action that resolve nothing should be denied,” said Baka in the government’s opposition to a motion to intervene.
Gov calls for higher pay caps for govt attorneys
Gov. Benigno R. Fitial has called for higher pay caps for government attorneys and executives, while the Legislature considers two virtually identical bills raising salaries for these professionals. Fitial’s budget proposal for fiscal year 2007 included a request for the Legislature to restore administrative provisions in the 2003 budget act that allowed for updated salary scales for attorneys and executive management positions within the central government. According to data prepared by the Office of Management Budget, the adjustments would affect a total of 74 positions and cost the government an additional $556,600.