Administration hopes Bill 507 will be heard - KUAM.com-KUAM News: On Air. Online. On Demand.

Administration hopes Bill 507 will be heard

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by Ken Quintanilla

Guam - Bureau of Budget & Management Research's director John Rios hopes lawmakers take into consideration all the information provided by the Calvo Administration along with that of the Government of Guam Retirement Fund and move the bill out of committee and discuss it on session floor.

It was during Monday's roundtable discussion where GGRF decided not to participate and instead hoped both the executive and legislative branch could agree on some proposal in which the fund would analyze. "I hope our proposals would be considered by them and sent through because the last thing that everyone wants to do is doing the layoffs and furloughs, etc.," Rios said.

Vice Speaker B.J. Cruz has asked for the Administration to further look into the Retirement Fund's alternatives, namely the proposal of a voluntary separation incentive plan coupled with a hybrid retirement plan in hopes of reaching some solution.

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