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Bill eyed to amend SS law to allow buyback for NMI

Delegate Gregorio Kilili Sablan (Ind-MP) and Lt. Gov. Eloy S. Inos are now looking into federal legislation to amend the Social Security law in order to allow a buyback for the CNMI, whose Retirement Fund has the dubious distinction of being the first public pension agency on...
Posted On May 22 2012 22:51
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Storm Sanvu moves away from Marianas

The tropical depression intensified yesterday afternoon into a tropical storm even as it moved northwestward away from coastal waters of the Marianas.
Posted On May 22 2012 22:50
, By

It’s now official: Palms Resort sold to E-Land

After months of negotiations and false alarms, United Micronesia Development Association Inc. chair Jose R. Lifoifoi formally announced yesterday the multimillion sale of its Micronesia Resort Inc.—which owns the 14-story, 313-room Palms Resort Saipan in San Roque—to South...
Posted On May 22 2012 22:48
, By

120 retirees told to return $5M

NMI Retirement Fund administrator Richard S. Villagomez said the Fund is trying to recoup from 120 retirees an estimated $5 million in overpayments arising from the pension agency’s own misapplication of a law prior to 2001. Affected retirees said they plan to meet Thursday to...
Posted On May 22 2012 22:47
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//May 22, 2012

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