Bill allowing re-computation of retirement benefits vetoed

House Bill 16-68, was introduced by then-House Floor Leader Joseph N. Camacho, R-Saipan.

The governor said although the measure is “laudable,” it will “harm” the Retirement Fund.

The government owed the Fund more than $231 million in unpaid contributions as of April 2009, according to a ruling of the  Superior Court.

 

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