U.S. District Court for the NMI designated Judge Frances Tydingco-Gatewood ordered today, Friday, Settlement Fund Trustee Joyce C. H. Tang and Settlement Fund administrator Lillian Pangelinan to process the 25 percent pension payments to retirees that were due last Feb. 12.
Tydingco-Gatewood issued the order for payments after hearing from Tang, deputy attorney general Lillian Tenorio, and acting governor Victor B. Hocog that the concerns that prevented the disbursement of the 25 percent pension checks has been resolved with Hocog’s signing of emergency measures into law late Thursday afternoon.
The Settlement Fund last Friday returned to the Department of Finance the check intended for payments of the 25 percent pension. As a result, over 3,000 retirees did not get their checks.
Finance Secretary Larrisa Larson informed the court today, Friday, that the money is still with the Settlement Fund because they did not cash the check.
More details to follow.