The Fund’s letter provides many reasons, which need not be repeated here, and makes it unquestionably clear, why this bill is not in the best interest of the Fund, the retirees or the tax payers of the CNMI. We, the CRA board of directors, therefore urge you and Chairman Crisostimo to kill this bill and to work together with the trustees and the members of CRA to seek ways and means to ensure the financial health of the Fund.
WILLIAM R. BARRINEAU
Vice Chairman
Commonwealth Retirement
Association
