Guam - Senator Ben Pangelinan is urging Governor Eddie Calvo to sign Bill 492, which authorizes the Government of Guam Retirement Fund to use $3 million to pay for COLA claimants. The bill would authorize the governor to issue promissory notes "not to exceed the total amount of all outstanding and unredeemed certificates of claim to cola COLA awardees.'
Former governor Felix Camacho failed to act on the bill before he left office. In a letter to Governor Calvo, Pangelinan says the Organic Act provides the governor 30 days to sign this bill if the bill cannot be returned to the Guam Legislature.
With the adjournment of the 30th Guam Legislature, the bill cannot be returned.