In an interview last week, Camacho, Ind.-Saipan, said the House has yet to act on a similar bill, H.B. 17-220.
Enacted in September, P.L. 17-51 allows retirees to sue on behalf of the Retirement Fund which opposed its passage and is now lobbying for its repeal.
Camacho introduced H.B. 17-220 in the House while Senate Vice President Jude U. Hofschneider, R-Tinian; Sen. Juan M. Ayuyu, Ind.-Rota; and Sen. Henry H. San Nicolas, Covenant-Tinian, authored Senate Bill 17-94.
The Senate is expected to act on S.B. 17-94 today.
Camacho noted that the Fund has been working closely with the Senate on a number of measures affecting the retirement system.
In a separate interview, Sen. Jovita M. Taimanao, who chairs a special Senate committee to address Fund’s problems, said she has been waiting to see H.B. 17-220 so they can include it in the bills they are working on.
Aside from the bill to repeal the derivative law, Taimanao, Ind.-Rota, said the Senate today will act on four other measures affecting the Fund.
These include bills that will identify funding to can help extend the life of the pension system.
