Archive for the ‘Uncategorized’ Category

  • 16 May

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    Local Media (Saipan Tribune) Needs Input From Retirees/Active DB Members

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    A reporter with the Saipan Tribune is interested in any human interest stories on how the Fund’s collapse will affect retirees and active government employees. Please share any insight you may have with her or help get her in contact with potential interviewees. Here is the contact information: Moneth Deposa - monethdeposa@yahoo.com Read more [...]
  • 16 May

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    Need for volunteer legal research re Social Security Law

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    May 15, 2013From: Bill Stewart Subject: Need for volunteer legal research re Social Security Law i am curious about the discussions held during the Covenant negotiations concerning the offer on the part of the Federal Government for the NMI to join the U.S. Social Security System -- which we all know was declined in preference to the “cookie jar” NMI Government administered Retirement Fund. I am trying to determine if there is a Federal law requiring state Governments  to either participate Read more [...]
  • 04 Mar

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    11 Years of Published Articles Regarding Fund Condition

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    March 3, 2013From: William H. "Bill" Stewart IntroductionTo Whom the following may be useful:I have always been alert to any comments which might be made as a excuse by any person associated with the management of the Fund who had fiduciary responsibility that "they were unaware of the deteriorating financial condition  which was slowly overtaking and dangerously jeopardizing the future financial security of all retirees." Should this "cop out" occur anytime during Read more [...]
  • 21 Feb

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    A message to retirees

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    Doctor Tom Arkle’s letter to the editor of Feb. 21 concerning the fallacy of Pagan’s pozzolan mining is well-stated, comprehensive and provides valuable advice for the uninformed who may still believe that pozzolan offers any hope to meet the future financial needs of the dwindling retirement fund now scheduled for exhaustion in one year. The Commonwealth Retirement Association public position in support of pozzolan mining as well as a pension obligation bond are instances which have contributed Read more [...]
  • 16 Feb

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    Senate and House Ad Hoc Committee Recommendations

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    MSG from Oscar Camacho:"Please see what  was accepted and endorsed in yesterday’s CRA meeting. Director Diego Benavente is instrumental and more well versed with the details. Please call him should you have any questions…..phone number is 483 5848"  DOC015.PDF Read more [...]
  • 08 Feb

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    Compilation of Ideas to Save the Fund

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    Below is a lengthy list of items that have been compiled over the last 3 years from emails and notes from various concerned people (Bill Stewart, Oscar Camacho, Donna Cruz, etc.) Things today may have changed and some of the items may be a bit different but many are still viable and maybe even new ones exist. The line "there just is no money"  that the Government has been using for the last 6 years is not accurate.Government finances are tight but prioritizing the Fund and locating assets is Read more [...]
  • 07 Feb

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    The need for realistic Fund solutions

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    From: Bill Stewart RECENTLY there have been several comments published in the local media suggesting ways to delay the total collapse of the Fund which is now anticipated in 12 months. The desire for wanting to help retirees is laudable but several of the suggested solutions which have appeared so far are questionable if not completely unrealistic. The suggestions which have been mentioned appeared to this observer to be both quite unrealistic on the one hand — and ill-informed on the other. One Read more [...]
  • 27 Dec

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    Receiver Recommendation from the CNMI Government

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    Attached please find a copy of Defendant CNMI's submission regarding nominations for receiver, together with accompanying materials designated as Exhibits A and B to that submission. BJ.329-1.CV.MarkHeath.pdf BJ.329-2.CNMIExhibit2.PAMotionRe.OSC.pdf BJ.329.CNMIResponseRe.ReceiverNominees.27Dec12.pdf Read more [...]
  • 13 Dec

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    Tydingco-Gatewood Asks All Parties to Submit 3 Receiver Nominees

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    Here is the order issued by Judge Tydingco-Gatewood that calls on each of the parties to submit the names and CV of three people that they each would recommend to be the Receiver of the NMIRF should she opt to grant the Plaintiff's request and impose Federal Receivership. One of the Defendants in the case, the NMIRF, has just recently joined Johnson in asking for Federal Receivership. the Judge will hold a hearing on the Receivership matter on January 15. BJ.303.Order.PlaintiffsReceiverMotion.13Dec12.pdf Read more [...]
  • 11 Dec

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    Judge Tydingco-Gatewood Sets Johnson Lawsuit Hearing for January 15

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    Judge Tydingco-Gatewood has set a hearing date of January 15. Here is an excerpt from the order:The court hereby reschedules the hearing on the TAL’s report and the hearing on the motions.  The hearing on the TAL’s report shall be conducted January 15, 2013 at 8:00 a.m.  The hearing on the motions shall immediately follow and will conclude at 7:30 p.m. if necessary. The court will hear argument on the following motions in the following order:Motion to Dismiss Plaintiff’s Second Amended Read more [...]
  • 18 Nov

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    Observations Regarding CRA Board of Directors

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    November 18, 2012  To: AddressesFrom Bill Stewart I want to thank the CRA Board of Directors for volunteering their time to serve  what they perceive to be in the best interests and long term welfare of DBP retirees. My congratulation to the Chairman on his success in achieving community approval for the pension obligation bond issue even though I wrote in opposition to a POB.  So be it -- democracy at work. As has been said, “The legitimate aim of criticism is to direct attention to the Read more [...]
  • 18 Nov

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    Clear Up Confusion Regarding Betty Johnson

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    There has been a bit of confusion regarding the person who filed the Federal Lawsuit against the CNMI Government for their failure to make good on the over $300 million judgment. The Johnson in the Federal Lawsuit is not the Betty Hamilton Johnson that lives in Saipan at the moment.  Please read the email from her below. I hope this clears up any confusion.---------- Forwarded message ----------From: Betty Johnson Date: Thu, Nov 15, 2012 at 5:21 PMSubject: Betty JohnsonTo: glenhunter@gmail.com Hi Read more [...]
  • 08 Nov

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    Watching the Retirement Fund Crumble

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    I WAS struck by the headline of an article in the Variety (Nov. 6) which read, “NMI Government Opposes Settlement with Fund.” Several reasons were given for the administration’s opposition to the Fund’s support for a Federal Court settlement conference. An official in the AG’s Office was quoted in the Variety as stating the following in opposition to such a discussion relative to reaching some form of agreement to finally end the Fund’s financial hemorrhaging. The stated NMI administration Read more [...]
  • 30 Oct

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    Pleadings and Declaration Filed by Huesman on Behalf of NMIRF

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    Below are the files of the pleading, declaration, and 3 exhibits apparently filed last Thursday by attorney Braddock Jon Huesman on behalf of the NMI Retirement Fund in the pending Ninth Circuit Appeal No. 11-17986 relating to the U.S. Disctrict Court/NMI Civ. No. 11-00018 removal action filed by CRA by and through Sapuro Rayphand. 11-17986.25Oct12.ExA.DktEntry.16-3.pdf 11-17986.25Oct12.ExC.DktEntry16-5.pdf 11-17986.25Oct12.Huesman.DktEntry16-1.pdf 11-17986.25Oct12.HuesmanDecln.DktEntry16-2.pdf Read more [...]
  • 23 Oct

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    Intervenor Rayphand/CRA Submissions to Ninth Circuit Court.

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    Below please find copies of the Errata/Response filed today with the Ninth Circuit Court on behalf of Intervenor-Appellant CRA by and through Sappuro Rayphand, along with 2 declarations and accompanying Exhibits 1-16.  For purposes of a quick overview, see the fairly comprehensive Declaration of Sapuro Rayphand and the Errata text. CRA.22Oct12.Declaration.BruceJorgensen.Ex.1-8.pdf CRA.22Oct12.Declaration.SapuroRayphand.Ex8-16.pdf ERRATA.CRAandRayphand.ResponseAndMotion.Re.27September2012.pdf Read more [...]
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