by Nick Delgado
Guam - Although the Government of Guam Retirement Fund was congratulated for its fifth consecutive year of keeping its numbers in order, there was alarming news about the Guam Memorial Hospital. Auditors found that since last year GMHA has not been paying employee contributions, much less the employer share to the Retirement Fund. GMHA owes a combined $5.6 million.
The Office of Public Accountability notes that GMHA is exposing itself to both civil and criminal liability. In addition GMHA employees eligible to retire by law can't because the hospital must first pay its contributions in full to the Retirement Fund.