GMH Retirement Fund Debt Now at $1.7M

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The Guam Memorial Hospital missed a payment on December 21 of about $470,000.

Guam – The Guam Memorial Hospital’s debt is continuing to mount, at least with the GovGuam retirement Fund, which is now at $1.7 million.

 

Retirement Fund Director Paula Blas tells PNC that GMH missed another retirement fund payment yesterday of about $470,000.

The payment was a retirement fund contribution for the defined benefit plan for pay period ending November 28.

Blas has previously stated that at least four GMH employees were denied retirement because of the hospital’s outstanding debt with the retirement fund.

The hospital has also been in the spotlight in recent weeks after three of its top board members suddenly resigned, prompting Governor Eddie Calvo to issue an executive order to take over the board of trustees and impanel an advisory team to rescue the hospital.