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Senator wants to restrict qualifications for municipal council members

Senate Vice President Jude U. Hofschneider (R-Tinian) pre-filed on Friday a bill that prohibits municipal council members from being employed by the mayor’s office or privately contracted using the mayor’s office’s account or revenue generated from the gaming industry.
Posted On Jun 19 2011 22:46
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Steele, White win Beach Road Magazine Car Rally

Two teams—one amateur and one veteran—finished even in the 5th Beach Road Magazine Car Rally held last Saturday.
Posted On Jun 19 2011 22:45
, By

New law modernizes Fund investment statute

Gov. Benigno R. Fitial signed into law on Thursday a bill that would modernize the NMI Retirement Fund investment law, including allowing the pension system more diversity in its stock investments by removing the restrictions to only U.S. stocks to reduce the risk of loss.
Posted On Jun 19 2011 22:43
, By

Fund: Merrill Lynch provided ‘defective’ investment policies

The NMI Retirement Fund said its longtime investment consultant Merrill Lynch provided defective investment policies and advice that resulted to a significant loss in the pension portfolio of retirees; amounting to almost $150 million in 2009 alone.
Posted On Jun 19 2011 22:42
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Month

//June 2011

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