HAGÅTÑA, Guam—Days before the deadline of Nov. 1, approximately 8,000 Guam government retirees and their survivors can expect to receive their Cost of Living Adjustment payments today, Oct. 25.
About $14 million to cover the cost of COLA was released to the Government of Guam Retirement Fund. COLA recipients will then receive the payments from the GGRF.
“We can meet obligations in advance of deadlines because of strong cash management,” said Gov. Lou Leon Guerrero. “Our retirees are a priority and they always will be.”
COLA payments are released annually and are appropriated every fiscal year.
Lt. Gov. Josh Tenorio added: “COLA recipients are people who worked for years in service to the people of Guam. This is about helping people who worked a lifetime to meet the needs of daily living.” (PR)