120 retirees told to return $5M

NMI Retirement Fund administrator Richard S. Villagomez said the Fund is trying to recoup from 120 retirees an estimated $5 million in overpayments arising from the pension agency's own misapplication of a law prior to 2001. Affected retirees said they plan to meet Thursday to discuss the possibility of a class action suit against the Fund.

Letter to SEC: Retirement-Fund Investors Need More Details

Target-date funds should use graphics and data to better explain their investments.

Huesman says Fund is not a governmental unit

The NMI Retirement Fund is not a governmental unit and therefore the federal court should deny the motion to dismiss the Fund's Chapter 11 bankruptcy petition, according to the Fund's counsel.

South Africa: Govt Looking to Lower Retirement Fund Costs

[BuaNews] Pretoria - With only about 10% of South Africans being able to maintain their standard of living once they retire, government is looking at ways of lowering retirement fund costs, says Finance Minister Pravin Gordhan.

CPA joins motion to dismiss Fund's bankruptcy petition

The Commonwealth Ports Authority yesterday joined the CNMI government's motion to dismiss the NMI Retirement Fund's Chapter 11 bankruptcy petition.