Retirees told of delay in COLA...again - KUAM.com-KUAM News: On Air. Online. On Demand.

Retirees told of delay in COLA...again

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by Mindy Aguon

Guam - COLA class retirees continue to wait for their long overdue promissory notes. COLA class retiree Frank Hill says after meeting with the Governor's Office he was informed Tuesday the issue has hit yet another snag.

Hill says Adelup officials told him the matter remained under review at the Attorney General's Office, saying, "It's a delay tactic by the AG's Office to hold this up again.  I don't know why, if they really want to exercise their authority they can tell the AG hey get that document over here and sign it and let's get this done."

In the meantime, COLA class retirees formerly employed with Guam Waterworks Authority and Guam Power Authority may see payment soon.  Consolidated Commission on Utilities chairman Simon Sanchez says they were approved a $30 million loan for various projects, $2 million of which will go towards COLA payments.

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