{"id":374598,"date":"2022-08-22T06:01:58","date_gmt":"2022-08-21T20:01:58","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=374598"},"modified":"2022-08-22T06:01:58","modified_gmt":"2022-08-21T20:01:58","slug":"legislature-not-doing-job-to-find-ways-to-subsidize-retirees-pensions","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/legislature-not-doing-job-to-find-ways-to-subsidize-retirees-pensions\/","title":{"rendered":"\u2018Legislature not doing job to find ways to subsidize retirees\u2019 pensions\u2019"},"content":{"rendered":"
<\/a>
Torres<\/figcaption><\/figure>\n

Gov. Ralph DLG Torres said Wednesday it\u2019s the Legislature\u2019s job to make revenue-generating bills, but he does not see any legislations that are being passed to subsidize government retirees\u2019 25% pension benefits.<\/p>\n

Torres said in an interview with the media that the administration is already saving funds for retirees in case the House of Representatives fails yet again to pass any revenue-generating bills.<\/p>\n

\u201cSo we are working and making sure that the retirees get their full pension by working with the Senate,\u201d he said.<\/p>\n

The governor noted that Senate President Jude U. Hofschneider (R-Tinian) recently came out to express support on what needs to be done for the administration\u2019s continued commitment to pay the retirees\u2019 additional 25% pension benefits.<\/p>\n

The CNMI government is mandated to pay only up 75% pension benefits to retirees under the U.S. District Court for the NMI-approved settlement agreement. <\/p>\n

\u201cBut for us, rest assured that we will set aside some funding to assure the retirees get 25%, and or the full 100%,\u201d Torres said.<\/p>\n

Torres recently announced that his administration will pay for the remaining 25% pension benefits this first quarter of the new fiscal year, thus giving the retirees 100% of their pensions.<\/p>\n

Torres said that $3.27 million\u2014or $545,000 bi-weekly\u2014will be remitted to the CNMI Settlement Fund to cover the first quarter of fiscal year 2023 for the period Oct. 1, 2022 to Dec. 31, 2022.<\/p>\n

Last week, the governor reiterated his appeal to the Legislature to start looking into passing revenue-generating bills and coming up with revenue-generating ideas and making it a reality. He pointed out that he is \u201cmaking things happen\u201d and working with the government\u2019s private partners, including the launch of a new interisland airline, Marianas Southern Airways, and the return of the Japanese market this September, even as the Korean market continues to improve even during COVID-19 pandemic.<\/p>\n

The governor said they are looking at other destinations, perhaps even Australia, to come in and even bringing back the Philippine market.
\n\u201cSo while I do this, the Torres administration, I urge the Legislature to please look into revenue-generating bills,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov. Ralph DLG Torres said Wednesday it\u2019s the Legislature\u2019s job to make revenue-generating bills, but…<\/p>\n","protected":false},"author":23,"featured_media":374602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-374598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/374598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=374598"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/374598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/374602"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=374598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=374598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=374598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}