He did not provide details when asked, through e-mail, about the “Recommendation to Ensure the Fiscal Solvency and Viability of the CNMI Retirement System” presentation, also known as the “5-Point Plan.”
The Legislature has yet to announce when the presentation will be held.
Some retirees said they want to hear what the board and the Fund’s management are proposing to solve the pension agency’s financial mess.
Aguon is part of the Fund’s six-member negotiation panel which will hold talks with the Fitial administration on how the cash-strapped CNMI government can settle its mounting debt to the pension agency.
The other members of the team are Fund board of trustees second vice chairman Pedro Q. Dela Cruz; Adelina C. Roberto, trustee; Jerry P. Crisostimo, vice chairman; Richard S. Villagomez, deputy administrator; and Viola Alepuyo, board counsel.
The Superior Court has ruled that the government owed the Fund $231 million in unpaid contributions as of April 2009.
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