Legislation announced last week on Guam
Washington, D.C. – Congresswoman Madeleine Z. Bordallo today introduced a bill to provide increased flexibility in the extension of the Social Security program for employees of the Government of Guam. Congresswoman Bordallo and Guam Senator Mike San Nicolas last week announced their efforts to secure Social Security benefits for GovGuam employees, many of whom may not have enough funds in their retirement accounts to live comfortably when they retire. The introduction of this bill is part of a joint effort with local policymakers to reform GovGuam’s employee retirement plan to make it more sustainable for government employees.
“This bill will help GovGuam provide retirement options to government employees, many of whom will not have the resources needed to live comfortably when they retire,” said Congresswoman Bordallo. “Extending Social Security to GovGuam employees would put them on an equal footing with private sector and many other state government employees throughout the nation who are automatically enrolled in the system when they begin employment. I will work with my colleagues to advance this bill through Congress, and I hope that local leaders will support this effort so we can present a One Guam approach for our local government employees.”
A copy of the bill is attached.
