VIDEO: GovGuam Retirement Fund Is Healthy At $1.6 Billion

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Guam- The Chapter 11 Bankruptcy filing of the CNMI Retirement Fund on Tuesday has already drawn concern about the Government of Guam Retirement Fund. However, Board Chairman Joe T. San Agustin assures their members their money is safe and protected because it is in a trust fund.

 

San Agustin anticipates the U.S. District Court will probably force the CNMI to pay out its contributions to their retirement fund. However, he asserts that GovGuam’s Retirement Fund is guided by the continued support of current and past legislatures and governors.