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Payment of $25.6K to Settlement Fund trustee OK’d

U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has ordered the Settlement Fund to pay its trustee, Joyce C.H. Tang, $25,634.25 for professional services and expenses incurred in January and February 2014. As this developed, Tydingco-Gatewood held a...
Posted On Apr 29 2014 08:27
, By Ferdie De La Torre

Change in retirement contribution formula pushed

Rep. Mario Taitano (Ind-Saipan) prefiled yesterday a bill amending the retirement contribution formula for autonomous agencies and the central government to prevent the Settlement Fund from sustaining a shortfall of some $2.5 million annually that could result in asset depletion...
Posted On Apr 10 2014 09:56
, By Haidee V. Eugenio

NMC denies $24K in underpayment

The Northern Marianas College has denied the report of Settlement Fund trustee Joyce Tang that it underpaid the Settlement Fund in the amount of $24,373.41. NMC counsel Mark A. Scoggins asked the U.S. District Court for the NMI last week to rescind any orders directing NMC to pay...
Posted On Apr 07 2014 08:34
, By Ferdie De La Torre

Judge OKs Fund lawyers $37K billing for Sept. 2013

U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has approved for payment $37,111.81 in expenses and fees of the NMI Retirement Fund’s former trustee ad litem and two Fund lawyers for September 2013.  In an order on Tuesday, Tydingco-Gatewood approved...
Posted On Apr 03 2014 13:00
, By Ferdie De La Torre
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