$15 million in COLA paid to GovGuam retirees
Governor Eddie Calvo has ordered the release of payment for the annual Cost of Living Allowances to Government of Guam retirees.
October 21, 2014Updated: October 21, 2014
By KUAM News
By KUAM Newsby Ken Quintanilla
Guam - Governor Eddie Calvo has ordered the release of payment for the annual Cost of Living Allowances to Government of Guam retirees. According to the Governor's Office, $15 million in checks was released to the Government of Guam Retirement Fund Thursday.
The FY2015 budget increased COLA lump sum payments from $1,800 to $2,000, a change that would impact over 7,600 government retirees and survivors.
In a release, Governor Calvo states “many of our retirees live on a fixed income and this cost of living allowance can be a huge help. I asked the Department of Administration to release the annual COLA funds early, and they got it out today. I hope it helps make the Christmas season a little brighter!”
Guam - Governor Eddie Calvo has ordered the release of payment for the annual Cost of Living Allowances to Government of Guam retirees. According to the Governor's Office, $15 million in checks was released to the Government of Guam Retirement Fund Thursday.
The FY2015 budget increased COLA lump sum payments from $1,800 to $2,000, a change that would impact over 7,600 government retirees and survivors.
In a release, Governor Calvo states “many of our retirees live on a fixed income and this cost of living allowance can be a huge help. I asked the Department of Administration to release the annual COLA funds early, and they got it out today. I hope it helps make the Christmas season a little brighter!”