Cruz requests special session for Hybrid Retirement System bill - KUAM.com-KUAM News: On Air. Online. On Demand.

Cruz requests special session for Hybrid Retirement System bill

Posted: Updated:
 by Krystal Paco

Guam - After two lengthy public hearings last month, Vice Speaker BJ Cruz is requesting for a special session for his Bill 394. The measure proposes a new Hybrid Retirement Plan System and was initially crafted by the late senator Ben Pangelinan and the Government of Guam Retirement Fund.

Board chairman Joe T. San Agustin says the bill is years in the making, saying, "I think it's long overdue perhaps but of course, this is what the policy makers have to decide what they want to do, apparently there has been opposition about it, the opposition came from people that probably had no vested interest in the plan, I haven't heard anyone from the 7,000 members that said no."

Cruz in a release says, "everyday government employees on the DC plan leave a lifetime of work without the dignity of a guaranteed safety net in their retirement years. This bill is about more than party politics, it's about people's live."
  • NEWS HEADLINESMore>>

  • Customs officer was wrong to draw firearm, investigation concludes

    Customs officer was wrong to draw firearm, investigation concludes

    An internal affairs investigation found that a Guam Customs officer was at fault for drawing his firearm. Customs officials confirm the incident that prompted the investigation happened on August 1st of this year. The officer apparently was on his way toMore >>
    An internal affairs investigation found that a Guam Customs officer was at fault for drawing his firearm. Customs officials confirm the incident that prompted the investigation happened on August 1st of this year. The officer apparently was on his way to More >>
  • NWS Monitors Circulation Near Koror and Another Disturbance South of Kosrae

    NWS Monitors Circulation Near Koror and Another Disturbance South of Kosrae

    The National Weather Service (NWS), Guam Weather Forecast Office continues to monitor two different circulations in the area. The first tropical disturbance (98C) is passing westward by Koror. It is currently causing numerous heavy showers and thunderstorMore >>
    The National Weather Service (NWS), Guam Weather Forecast Office continues to monitor two different circulations in the area. The first tropical disturbance (98C) is passing westward by Koror. It is currently causing numerous heavy showers and thunderstorMore >>
  • GMH CEO hopeful new governor will favor agency's needs

    GMH CEO hopeful new governor will favor agency's needs

    What's the latest with the Guam Memorial Hospital? CEO Peter John Camacho says the process for recovering their lost Joint Commission Accreditation is still "in progress". Funding still a major roadblock to fixing deficiencies listed in the report. IncludMore >>
    What's the latest with the Guam Memorial Hospital? CEO Peter John Camacho says the process for recovering their lost Joint Commission Accreditation is still "in progress". Funding still a major roadblock to fixing deficiencies listed in the report. IncludMore >>
Powered by Frankly