The Northern Mariana Islands Retirement Fund provides this update on Public Law 17-82/18-02 disbursements.
The 18th CNMI Legislature passed on Friday, Oct. 18, 2013, House Joint Resolution 18-11, HD1. The Fund has received notice from both the plaintiff and the government that this new resolution conforms with the requirement of “legislative action” contemplated by the settlement agreement.
Therefore, PL 17-82/18-02 applicants can now receive their disbursements.
As the requirements of the settlement agreement have been met, the Fund will upload direct deposit payments for disbursements on Tuesday, Oct. 22, so applicants can anticipate their employee contribution withdrawals to be credited to their bank accounts within 24-48 hours after upload.
The Fund also plans to distribute checks to all applicants beginning on Wednesday, Oct. 23, on Saipan, Tinian and Rota from 8am to 5pm.
Applicants can pick up their checks from the following locations:
Saipan - NMI Retirement Fund Building
Rota - Rota Mayor’s Office
Tinian - Tinian Mayor’s Office
The Fund would like to again remind PL 17-82/18-02 applicants that if they have not submitted their waiver, the Fund will not process their disbursement. Anyone who needs to, please visit the Fund and execute a waiver. (NMI Retirement Fund)