$40M disbursement hinges on Legislature anew

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Saipan –

Friday, October 18, 2013
$40M disbursement hinges on Legislature anew
AG asks lawmakers to amend, introduce new resolution

Disbursement of over $40 million in defined benefit plan contributions could still take days, depending on today’s Senate action on a new joint resolution that the House of Representatives is likely to adopt this afternoon to heed Attorney General Joey Patrick San Nicolas’ request yesterday.

The AG asked the House and Senate to take the “quickest way” by amending a joint resolution or introducing a new one approving the Retirement Fund settlement agreement so as not to further delay the disbursement of DB contributions.

San Nicolas said the lawyers for the plaintiff, Betty Johnson, have taken issue with one of the “Be it further resolved” clauses in the resolution that cleared the Legislature last week.