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Torres: Priority is to give NMI retirees full benefits

Gov. Ralph DLG. Torres assured the federal court yesterday that his priority is not just to give retirees 75 percent of their benefits, but also the 25 percent payments owed them. As this developed, Betty Johnson’s lead counsel, Margery Bronster, described as “simply unacceptable...
Posted On Sep 28 2017 06:09
, By Ferdie De La Torre

‘Except for PSS, CHCC, most are current with Fund’

Except for the Public School System and the Commonwealth Healthcare Corp., the CNMI government and its autonomous agencies are current with their payments to the Settlement Fund, according to Joyce C. H. Tang. In her report to the court, Tang, as trustee of the Settlement Fund,...
Posted On Sep 28 2017 06:06
, By Ferdie De La Torre

‘CNMI government owes Settlement Fund $11.5M’

The CNMI government owes the Settlement Fund $11.5 million in APGA payment for fiscal year 2016, according to Settlement Fund trustee Joyce C. H. Tang. APGA stands for Alternative Payment of a Greater Amount. Tang said the settlement agreement in Betty Johnson’s class action...
Posted On Sep 26 2017 06:06
, By Ferdie De La Torre

Fund’s proposed budget for 2018 is $47.2M

The Settlement Fund’s proposed budget for fiscal year 2018 amounts to $47,187,880, which is $880,364 less than the 2017 tentative budget, according to Settlement Fund trustee Joyce C. H. Tang. Tang also disclosed that the balance in the Settlement Fund’s investment accounts for...
Posted On Sep 25 2017 06:06
, By Ferdie De La Torre
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