DB RETIREMENT PLANS COST HALF OF DC PLANS

A new study by the National Institute on Retirement Security has determined that a Defined Benefit Retirement plan (DB or the ”Old plan” for Guam’s Public Servants) can deliver the same retirement income at 46% lower costs than a 401k like, Defined Contribution...

RALLY ABORTED AS COUNCIL RELEASES PAY

JUST BEFORE the anger of 1,789 unpaid program and job-order employees reached the boiling point, the Mandaue City Council yesterday approved the release of P26 million out of the P35 million budget that the mayor allocated for their salaries in the proposed...