$820.6K allotted for Prior Service Trust

Posted on Mar 02 2020

WASHINGTON, D.C.—The U.S. Department of the Interior has approved the allocation of $820,600 in fiscal year 2020 funding for the Prior Service Trust Fund Administration, which distributes benefits to the more than 700 former employees of the post-World War II, U.S.-administered, Trust Territory of the Pacific Islands in the Western Pacific

Employee benefits provided through the Prior Service Trust Fund represent a responsibility assumed by the federal government following the dissolution of the TTPI in 1986. The program serves beneficiaries with five years or more of prior service. The four jurisdictions to emerge from the TTPI were the CNMI, the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau. The CNMI is a U.S. territory. The latter three entities are independent sovereign Pacific nations who each share a unique relationship with the United States under a Compact of Free Association agreement. (PR)

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