Check's in the mail: COLA payments soon
The Department of Administration is expected to begin distributing checks this week to disburse full payment of $1.4 million owed to approximately 1,000 COLA awardees or their beneficiaries. The government owes the debt to retirees and the money was made available through Public Law 30-101.
By KUAM Newsby Mindy Aguon
Guam - The Department of Administration is expected to begin distributing checks this week to disburse full payment of $1.4 million owed to approximately 1,000 COLA awardees or their beneficiaries. The government owes the debt to retirees and the money was made available through Public Law 30-101.
DOA is working with the Government of Guam Retirement Fund to process the checks that are expected to be mailed out this week. Senator Ben Pangelinan (D) says efforts are also underway to obtain another $2-3 million to pay additional retirees as cash resources become available.