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‘Bill does not comport with settlement’

A Senate legislative initiative that seeks to bend the rules to allow retirees to be re-employed in certain professions is not compliant with the Settlement Agreement that binds the pensions of retirees, according to the Settlement Fund trustee. Lawyer Joyce Tang said that Senate...
Posted On Nov 02 2017 06:06
, By Erwin Encinares

Settlement Fund gets $30M

The CNMI government, through the Department of Finance, has remitted $30 million to the Settlement Fund, as part of its annual obligation to the retirees of the CNMI. According to Finance Secretary Larrisa Larson, the department has met its obligation this fiscal year to CNMI...
Posted On Aug 16 2017 06:06
, By Saipan Tribune

Demapan introduces bill to protect retirees’ pensions

Rep. Angel A. Demapan (R-Saipan) has introduced legislation aimed at protecting retirees’ pensions pursuant to the Settlement Agreement approved by the U.S. District Court for the Northern Mariana Islands. House Bill 19-178 seeks to establish the Settlement Fund Revolving Fund...
Posted On Jul 13 2016 06:00
, By Press Release

3Q retiree payments met on record time

The administration of Gov. Ralph DLG Torres on Monday paid $1 million to the NMI Settlement Fund completing the amounts owed for the third quarter of this fiscal year, the Office of Governor said yesterday This is the first time that the obligation has been paid off this far in...
Posted On Jun 21 2016 06:06
, By Dennis B. Chan
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