Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill proposes 15‑year rolling amortization and investment flexibility for Guam retirement fund
Summary
Bill 263‑38 would let the Government of Guam amortize remaining unfunded pension liabilities in rolling 15‑year periods instead of a single 2033 deadline and expand allowable investments; retirement‑fund trustees supported the changes while some senators urged further BBMR fiscal analysis.
Lawmakers debated Bill 263‑38, a measure the sponsor said would smooth contribution‑rate volatility by allowing any remaining unfunded liability to be amortized over rolling 15‑year periods and by modernizing investment provisions to pursue stronger risk‑adjusted returns.
The sponsor told colleagues the approach "helps smooth the potential volatility" that could otherwise…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
