Roundtable Monday between GGRF, Adelup - KUAM.com-KUAM News: On Air. Online. On Demand.

Roundtable Monday between GGRF, Adelup

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by Mindy Aguon

Guam - A roundtable discussion is set for Monday allowing the Government of Guam Retirement Fund as well as the Calvo Administration to come together to talk about the former's alternatives and compromise to the governor's spending cuts proposal. As we reported, the Retirement Fund's alternatives included a "Furlough Friday" plan, a voluntary separation incentive program coupled with a hybrid retirement plan and implementing a pension bond.

And while they opposed the Furlough Fridays alternative, the Administration and the vice speaker proposed a compromise alternative to implement a smaller early Retirement Fund program limited to employees who are within five years of retiring and a ten-year temporary extension of the amortization period.

The roundtable is set for Monday at 5:30pm at the Legislative Public Hearing Room.

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