$8.2M in COLA released to retirees - KUAM.com-KUAM News: On Air. Online. On Demand.

$8.2M in COLA released to retirees

by Mindy Aguon

Guam - Retirees can expect to get a check in the mail soon. Governor Eddie Calvo ordered the release of the funds for the payment of the annual cost of living allowance to retirees. The release of $8.2 million was made to the GovGuam Retirement Fund yesterday with the checks expected to be released today.

Calvo stated, "Times are tough, especially for people on fixed income", adding, "I hope this can help our elderly and their families, especially as the holidays approach."

According to the Retirement Fund, whatever method a retiree receives their normal pension checks will be the same method they'll receive their annual COLA.

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