Palacios wants 6% interest applied to raises - KUAM.com-KUAM News: On Air. Online. On Demand.

Palacios wants 6% interest applied to raises

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by Sabrina Salas Matanane

Guam - If legislation introduced by Senator Adolpho Palacios is passed, law enforcement officers who have been waiting for their raises could see interest charged on what's owed to them. According to Bill 515, it would apply 6% interest, per annum, to all unpaid balances owed to public safety and law enforcement officers who are entitled to the 40% compensation adjustment established by law in 2008.

"I think it's only fair because these officers these public safety officials are forced to wait," the senator told KUAM News. "It's only fair that they wait while the money owed to them earns 6%."

The 40% adjustment was to be paid over a four-year period, however due to budget constraints public safety and law enforcement officers have only received 20% of the increment.

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