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OAG: Tang’s calculation of employer contributions incorrect

Settlement Fund trustee Joyce CH. Tang’s calculations of employer contributions are incorrect and that she has not acted on the CNMI government’s repeated requests for regular monthly reports, according to the Office of the Attorney General. In the CNMI government’s response to...
Posted On Feb 21 2014 16:13
, By Ferdie De La Torre

A deliberate injury

To date, many retirees would approach me in our community for many of them are still wondering and asking questions what had happened to our NMI Retirement Fund? How did it get so messed up? Who messed it up? For the benefit of other retirees who may have the same questions and...
Posted On Feb 21 2014 15:41
, By Jun Dayao

Transfer of GHLIP to govt entity set

The Group Health Life Insurance Program and the Home Mortgage and Credit Program would soon be off the Settlement Fund trustee’s hands as the programs will be transferred to the central government. Settlement trustee Joyce H. Tang reported to the court that she aims to have the...
Posted On Feb 20 2014 13:49
, By Moneth G. Deposa

Settlement Fund portfolio declining, depletion seen in 2019

Due to the required monthly drawdown from the investment accounts, it is now projected that the lifespan of the settlement fund will only be up to 2019, or five years from now. Settlement trustee Joyce C. H. Tang disclosed this in her report to the court on Tuesday, indicating...
Posted On Feb 14 2014 14:02
, By Moneth G. Deposa
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