Guam - It's been less than a month since the GovGuam Retirement Fund received $24.8 million from the Series 'B' Bond aimed to clear debts owed by agencies for employee and employer contributions. And last Friday, was the board's first meeting since and according to director Paula Blas, the money came at the right time as the retirement fund focuses on getting caught up ahead of its busiest time of the year.
"The summer months are June is usually a busy month for us because the teachers are out of schools now and everybody starts to looks at retiring and July is more of a catch up month for us and then august starts to pick up and then September starts to get busy," she said.
And while she has spoken out against talk about a possible early retirement plan relative to the governor's directive in making $43 million in cuts, she says the board has yet to do any type of analysis because there has not been any finalized plan from the Calvo Administration or proposal for the fund to review.