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Legislature scrambles to secure retirees’ benefits

The trustee of the NMI Settlement Fund is pushing the CNMI government to settle the balances it owes the Fund for fiscal years 2014 and 2015, or else the Fund would “cease assisting” the government with the processing of retiree benefits. In a letter from NMI Settlement Fund...
Posted On Sep 04 2017 06:06
, By Erwin Encinares
0

House appropriates $7.1M for retirees

The House of Representatives passed legislation yesterday to address the remaining balances owed to retirees for fiscal years 2014 and 2015. It passed the measure after receiving word from the Governor’s Office that there is $8.6 million in supplemental funding. Rep. Angel A....
Posted On Aug 31 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

Trustee directed to present Settlement Fund status update

The Settlement Fund trustee was directed yesterday to present an update on the status of the Fund in mid-September. U.S. District Court for the NMI designated judge Frances M. Tydingco-Gatewood directed Joyce C. H. Tang, the Fund trustee representative, to file a status report...
Posted On Aug 08 2017 06:00
, By Ferdie De La Torre
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