Deferred pension out by Oct. 17

Posted on Oct 10 2014

The Settlement Fund will release 25-percent deferred pension payments to retirees that cover the months of July, August, and September on Oct. 17.
In an information posted on its website (www.nmisf.com) under frequently asked questions that was also emailed to media outlets, the Settlement Fund confirmed that it received $3.9 million from the CNMI government on Oct, 8, 2014, to pay the 25 percent payment for the period covering July 1, 2014, to Sept. 30, 2014.
“The Settlement Fund will distribute the $3.9 million to its members by Oct. 17, 2014.”
It added that while media reports have stated that the October payment would be distributed today, Oct. 10, 2014, the Settlement Fund trustee “unfortunately” was not consulted about the Oct. 10 distribution date prior to the announcement in the media.

Mark Rabago | Associate Editor

Mark Rabago is the Associate Editor of Saipan Tribune. Contact him at Mark_Rabago@saipantribune.com

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