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Deferred 25-percent pension will be disbursed this week

Retirees waiting for their deferred 25-percent pension for the period of July to September don’t need to wait long, after Gov. Eloy S. Inos assured Friday that the funds will be disbursed this week. “We’ve communicated to the Settlement Fund since the initial agreement is they...
Posted On Oct 06 2014 04:00
, By Mark Rabago

Proposed deal with law firm to pursue claims vs Merrill Lynch rejected

U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has rejected NMI Settlement Fund trustee Joyce C.H. Tang’s proposed engagement agreement with a law firm that is currently representing the claims against the NMI Retirement Fund’s former consultant,...
Posted On Sep 15 2014 04:00
, By Ferdie De La Torre

Tang finds basis to pursue Fund claim vs Merrill Lynch

NMI Settlement Fund trustee Joyce C.H. Tang has disclosed that based on their independent review of the case, there is basis in pursuing the claims against the NMI Retirement Fund’s former investment consultant, Merrill Lynch. Based on the Settlement Fund trustee legal team’s...
Posted On Sep 11 2014 04:00
, By Ferdie De La Torre

NMC: Tang’s assertion is false

The Northern Marianas College objected yesterday to a portion of NMI Settlement Fund trustee Joyce C. H. Tang’s report, saying that the assertion that NMC is not complying with the terms of Betty Johnson’s settlement agreement is false. NMC counsel Mark A. Scoggins said that Tang...
Posted On Sep 09 2014 23:02
, By Ferdie De La Torre
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