Vol. 34 No.244
       ©2006 Marianas Variety
Friday, February 23, 2007 www.mvariety.com
Serving the CNMI for 34 years
 

© 2006 Marianas Variety
Published by Younis Art Studio Inc.
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Children at play

FOR those of you who are government employees and have been paying attention to the stupidity that has affected your ability to retire — you may want to consider investing in your future.
It seems that those who hold your future in their hands could care less about their obligation to remit to the Retirement Fund the monies deducted from your checks. The money that should be submitted to the Fund is what allows them to maintain their financial obligations and continue to be fiscally solvent. In other words, you may not be able to fully retire if the government doesn’t submit your biweekly deductions to the Retirement Fund.
For those of you considering retirement you should inquire from the Fund if all your contributions have been received from your respective agencies. For those of you who are new to a government job you may not be able to retire at all if the Fund is bankrupt.
The ostriches on Capital Hill will never remove their heads from the sand and rescind the law that all but guarantees the failure of the Retirement Fund. They’ll never change their political and morally bankrupt position toward government obligations and will continue to serve their own interest blindly. It is obvious they are obligated to do so. Obligated for jobs and appointments, etc.
For those of us who are based in reality, your future financial stability is your priority. Don’t become complacent and stick you head in the sand. Plan for your retirement and don’t depend on the government. Diversity is the key through individual retirement accounts, mutual fund accounts and other saving endeavors, which can be accessed through the Internet and local banks. If you don’t have Internet, you can access it at the local library. Accounts can be started with small amounts of money and are a step in the right direction. That direction is yours and your kid’s future.

ALAN J. ELDER
Kagman III, Saipan