Measure would free funds to pay COLA
The Government of Guam still owes cola class retirees some $16 million. Retiree Frank Hill continues to express frustration that they continue to lose more and more of the class members every week.
By KUAM Newsby Nick Delgado
Guam - The Government of Guam still owes cola class retirees some $16 million. Retiree Frank Hill continues to express frustration that they continue to lose more and more of the class members every week. He is, however, hopeful that a new measure introduced by Senator Ben Pangelinan will provide some relief to the outstanding overdue payment.
Bill 492 would distribute at least $3 million of unclaimed award payments to retirees and beneficiaries. Hill says the matter is beyond urgent, telling KUAM News, "We lost Ann San Nicolas and she's one of the diehard followers and the last thing that she said to Lola Nelson is 'I need money to go to Anaheim for her heart treatment.' She didn't make it."
The measure will go up for a public hearing on Friday at 8:30am at the Legislature's Public Hearing Room.