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AG’s office, Settlement Fund trustee recommended joint resolution, says Finance chief | News

SECRETARY of Finance David DLG Ataal issued the following statement on Saturday, January 1, 2022:

“The Treasury Department’s ability to distribute the bonus payments to retirees is subject to a joint resolution that will allow Governor Ralph DLG Torres to reprogram the $1.3 million that will be allocated towards the $500 bonus from every retiree.

“The governor has only 25% reprogramming power, under the current budget law, public law 08-22. If there isn’t a program already funded in the current budget, Governor Torres can’t just create a program to fund it. In the budget for fiscal year 2022, there are currently no funds that allow pension bonuses.

“In discussions with Attorney General and NMI Administrator Joyce Tang, Governor Torres and I were advised on the procedure for giving retirees this bonus, which is the joint resolution.

“The joint resolution between the Senate and the House of Representatives to give Governor Torres the reprogramming power to create a business unit within the current budget, which would allocate $1.3 million of executive power to our retirees, was seen as the most considered an appropriate plan.

“To be clear, we are neither increasing nor decreasing the current budget level. In addition, the funds for this retiree bonus will use budget allocations from the Cabinet of the Governor and the Treasury Department, and not from any other program.

“Because the governor does not have 100% reprogramming power under the current budget law, we cannot pay out the retiree bonuses. We’re just asking that the governor be given the reprogramming authority to make our retirees pay.

“This government gives priority to our Commonwealth’s retirees. As much as we would like to give our retirees their $500 bonuses immediately, because of Public Act 22-08, the current budget law, the governor is unable to reprogram funding for this bonus. I want to reaffirm the importance of passing this joint resolution, which will allow us to give our retirees the $500 they deserve.”

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