Senate Bill 8-66 stated that because PNCC has no stakeholders the profits go directly to the corporation’s coffers.
“This type of internal financial system can be problematic, because it can result in such excesses as bloated salaries and overly generous benefits for employees,” the bill said.The bill stated that to prevent this from happening , the PNCC law should be organized so that it will be clear on how a large portion of the profits may be used.It added that since the Civil Service Pension Trust Fund is currently facing substantial financial problems.The trust fund, it stated is a vital financial resource for numerous Palauans who dedicated their lives to governmental services.“The Olbiil Era Kelulau finds it has a responsibility to find new sources of income for this Trust Fund to fulfill this responsibility and to ensure that PNCC does not misspend its profits, the OEK finds it prudent to require the PNCC deposit half of its annual profits into the Republic of Palau Civil Service Pension trust Fund,” the bill stated .
