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NMI now more dependent on federal dollars than local funds

By Haidee V. Eugenio Reporter   Federal spending and grants pumped into the CNMI now exceed the local government’s gross revenue, and Delegate Gregorio Kilili Sablan (Ind-MP) said this means the CNMI is now “more dependent on federal dollars.” Both federal and local money...
Posted On Feb 28 2012 07:05
, By admin

US Labor probes salary delays at CHC

By Moneth Deposa Reporter The ongoing financial crisis at the Commonwealth Health Center and its fallout has caught the attention of federal labor authorities, prompting a visit to the hospital and interviews with its employees. Saipan Tribune learned that federal investigator...
Posted On Feb 28 2012 07:05
, By admin

Buck Consultant: Pension plan at only 28 pct. funding level

By Moneth Deposa Reporter The estimated value of the NMI Retirement Fund’s portfolio translates to a funding level of just 28 percent, which means if the pension agency is closed down now it won’t have enough cash to pay for its total obligation to members, according...
Posted On Feb 28 2012 07:04
, By admin
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//February 28, 2012

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