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Senate committee agrees to public hearings on proposed CNMI term pension plan
Summary
The Senate Fiscal Affairs Committee agreed to prepare the CNMI Term Pension Plan (Senate Bill 24-01) for a series of public hearings across the islands and invited members to submit amendments before hearings expected in June.
Senate President (chair) introduced Senate Bill 24-01 on April 9, 2025, proposing a CNMI term pension plan and asked the Fiscal Affairs Committee to carry the bill through a series of public hearings on Saipan, Tinian and Rota.
The chair said the bill is not “written in stone” and urged members to consider amendments before formal public hearings. “I propose that we have 3 here on Saipan and 1 on Tinian,” the chair said, and asked members to endorse a June timeframe for hearings so the committee and staff can account for graduations and other scheduling conflicts.
Nut graf: The proposed plan is a recycled bill from previous legislatures intended to offer an alternative retirement option for government employees who are not in…
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