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GOP: Reyes’ statements misleading, without substance

In response to former Northern Mariana Islands Retirement Fund administer Karl T. Reyes’ public statement regarding the “good financial standing” of the fund during the term of former governor Juan N. Babauta, CNMI Republican Party president James Ada issued a statement intended...
Posted On Jul 16 2018 06:06
, By Press Release

Settlement class, Fund members to get over $1,200 each

The NMI Settlement Fund said all Settlement class members and CNMI Fund members receiving an annuity would get an equal part from the $3.5 million bonus appropriated by the CNMI government last Friday. An equal share of the bonus from a portion of the government’s Casino Gross...
Posted On Dec 19 2017 06:06
, By Press Release

$3.5M retiree bonus disbursement set for Wednesday

Acting governor Victor B. Hocog last Friday signed House Bill 20-145 authorizing the appropriation of $22 million of the Casino Gross Revenue Tax account for the payment of the 25 percent of the Settlement class members’ full benefits and bonuses. The bill becomes Public Law...
Posted On Dec 18 2017 06:06
, By Press Release

BOE: Allowing retirees to ‘double dip’ incentivizes early retirement

The Board of Education has cautioned against allowing retirees to re-enter the workforce without any negative consequence, saying this will create an atmosphere that will motivate government employees to retire early so they can “double dip.” In a letter from BOE vice chair...
Posted On Nov 16 2017 06:06
, By Erwin Encinares
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