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BILL ON HYBRID RETIREMENT PLAN NEEDS TO BE CHANGED

GFT President, Tim Fedenko, sent a letter to Senator Mike San Nicolas in agreement that there are problems with Bill 002-33 regarding the Hybrid Retirement Plan for public employees. “The current system is broken, and in need of amendment or replacement,” states Fedenko. However, the proposed Bill doubles the employee's contribution and decreases the Government of Guam contribution. Fedenko suggests to develop another solution that is fair and reasonable; one that does not pass-off the problems to our public employees.
 

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