$15M in COLA Funds Released to Retirement Fund

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Recipients should get their COLA funds by this afternoon.

Guam – Gov. Eddie Calvo ordered the release of funds for the payment of the annual COLA to retirees. The money was sent this morning to the Retirement Fund.

 

The Retirement Fund will deliver money to the recipients this afternoon based on how they typically receive their COLA: 

• Via checks that will be mailed out; or

• Direct deposits.

 

“We have approximately 7,800 retirees and survivors, many of them live on a fixed income and this cost of living allowance will be a huge help,” Gov. Calvo said.

1 COMMENT

  1. What the story fails to mention is how the recipients of the COLA are now trying desperately to hide this money from friends and relatives who all of a sudden want to come over and visit them.

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