COLA distribution smooth at Rev & Tax - KUAM.com-KUAM News: On Air. Online. On Demand.

COLA distribution smooth at Rev & Tax

Posted: Updated:

by Mindy Aguon

Guam - Aside from tax refunds, the government also processed approximately $17 million in cost of living allowance checks that were distributed at the Department of Revenue & Taxation today. The lines weren't nearly as long at the agency's Barrigada Heights headquarters as the island's malls passing out tax refunds checks, and neither was the wait time. 

With his COLA certificate in hand, Jesse Guerrero from Barrigada was pleased that after waiting a year for his COLA check, he spent less than ten minutes in line to get it. "I feel great," he proclaimed. "Spending money, Christmas and everything."

Ed from Yona, waited in line for his mother, who has been waiting several years for her COLA. He's glad that the money will finally be paid to help his mom and the economy, saying, "I mean, they should have thought about it for a long time, people who haven't received their cola in the past have suffered from just waiting. Fortunately now it's being given, so it helps." He added that the money couldn't come at a better time as family members from off-island are here visiting and the money will give them have a happier holiday.

Today's distribution however didn't go without any glitches. GovGuam Retirement Fund director Paula Blas admits that some retirees or their beneficiaries were turned away because they're names weren't on the list. "We actually have been receiving calls to verify if they're on the list for this distribution," she noted. "There were about 4,000 COLA recipients all together but over a period time, I believe, anybody with an initial COLA award of about $33,000 and below have been paid in full. So this is pretty much taking care of the rest of them that have balances with us."

Blas says about 1,900 checks were processed for distribution to pay principles plus interest. Those who won't be getting the COLA checks are those who have passed on and their estates and beneficiaries are going through probate.

  • NEWS HEADLINESMore>>

  • Island Color and Copy store opens in Tamuning

    Island Color and Copy store opens in Tamuning

    A top local printer is branching out from serving mainly businesses to now also catering to consumer needs. Graphic Center, Inc. has just opened the new Island Color and Copy store next to its Tamuning office. GCI Vice President for Marketing Jessie RosarMore >>
    A top local printer is branching out from serving mainly businesses to now also catering to consumer needs. Graphic Center, Inc. has just opened the new Island Color and Copy store next to its Tamuning office. GCI Vice President for Marketing Jessie RosarMore >>
  • New Yigo McDonald's features cool tech, modern design

    New Yigo McDonald's features cool tech, modern design

    McDonalds opens its newest and most modern restaurant in Yigo. Located at the corner of Marine Drive and the entrance to Perez Acres, the dynamic new design was unveiled this weekend during a grand opening ceremony. McDonald's marketing consultant Divina More >>
    McDonalds opens its newest and most modern restaurant in Yigo. Located at the corner of Marine Drive and the entrance to Perez Acres, the dynamic new design was unveiled this weekend during a grand opening ceremony. McDonald's marketing consultant Divina More >>
  • Police looking into cause of deadly Yigo crash

    Police looking into cause of deadly Yigo crash

    Highway patrol investigators back on scene today of Sunday's deadly crash that claimed the life of one man. The tragedy happened after an auto-bus crash along the back road to Andersen. It happened around 4:50 pm Sunday on route 15 in Yigo. Police say theMore >>
    Highway patrol investigators back on scene today of Sunday's deadly crash that claimed the life of one man. The tragedy happened after an auto-bus crash along the back road to Andersen. It happened around 4:50 pm Sunday on route 15 in Yigo. Police say theMore >>
Powered by Frankly