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Settlement Fund responds to HR 21-37

Editor’s Note: The following is a letter that NMI Settlement Fund administrator Lillian Pangelinan sent Rep. Joseph Lee Pan T. Guerrero in reaction to House Resolution 21-37 that he introduced in the CNMI Legislature on Sept. 22, 2020. The response is being reprinted here, with...
Posted On Sep 29 2020 06:00
, By Contributing Author

Judge: Weekly $1M payments extend Fund’s horizon

The CNMI government’s weekly payments of $1 million to the Settlement Fund allows the Fund to avoid depleting its investments, thereby extending the Fund’s investment horizon, according to a federal judge. In an order on Tuesday, U.S. District Court for the NMI designated Judge...
Posted On Oct 26 2017 06:01
, By Ferdie De La Torre

Retirees start getting checks

The CNMI government has already released $3.5 million intended for retirees or their beneficiaries—part of the more than $40 million revenue allocated under Public Law 19-75 or the supplemental budget. Gov. Ralph DLG Torres signed it into law last week. PL 19-75, introduced as...
Posted On Dec 27 2016 06:06
, By Jon Perez
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Judge orders payment of 25 pct pension to retirees

U.S. District Court for the NMI designated Judge Frances Tydingco-Gatewood ordered Settlement Fund Trustee Joyce C. H. Tang and Settlement Fund administrator Lillian Pangelinan on Friday to process the 25 percent pension payments to retirees that were due last Feb. 12....
Posted On Feb 22 2016 06:06
, By Ferdie De La Torre
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