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Fund asks court for temporary reduction in members’ benefits

To save the retirees’ pension program from collapse, the NMI Retirement Fund has asked the Superior Court to order a temporary cut in the benefits paid to retirees as an immediate way to restructure the Fund’s liabilities.
Posted On Aug 29 2011 22:30
, By

Fund portfolio drops to $271.3M

From over $305 million last month, the NMI Retirement Fund’s investment portfolio plummeted to just $271 million in mid-August, the drop being blamed on the recent volatility in the stock market and the continued withdrawals being made to pay for members’ pension benefits.
Posted On Aug 29 2011 22:28
, By

Cop in domestic violence pleads not guilty

Jerome Agulto Reyes, a police officer facing charges he beat up his girlfriend, pleaded not guilty yesterday in Superior Court.
Posted On Aug 29 2011 22:12
, By

DHS probes USCIS fees scam; law firm staff arrested

The U.S. Department of Homeland Security is looking into complaints of several persons that their applications and fees for federal immigration benefits were not being filed by a law firm with the U.S. Citizenship and Immigration Service.
Posted On Aug 29 2011 22:11
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Month

//August 2011

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