RETIREMENT FUND LAWS

DATETITLEPUBLIC LAW
02/18/2016To amend 4 CMC § 1803, Distribution of Revenues Marianas Visitor Authority and the Retirement Fund and to repeal 1 CMC § 8365, Tax Revenue; and to make the Act apply retroactively; and for other purposes19-36
02/18/2016To amend Public Law No. 19-08 to specifically authorize the Governor to reprogram Executive Branch Appropriations to pay for the 25% pension payments; and for other purposes19-35
12/20/2011To amend 1 CMC §8363 – “Retirement Funds Contribution to Life Insurances 17-66
05/09/2011 Retirement Fund Beneficiary Derivative Lawsuit Act of 2011 17-51
06/16/2011 To Amend Section 8374 of Title 1 of the Commonwealth Code to Modernize the NMI Retirement Fund Law; and for other purposes 17-46
02/16/2011Amendments to Regulations – COLA to annual retirement bonus 17-32
04/15/2009To mandate the Commonwealth Government to prioritize and pay the retirement employer contributions of government employees who are eligible to retire; and for other purposes 16-36
11/07/2008To amend 1 CMC § 8347, and for other purposes 16-19
05/03/2008To revise the Commonwealth Utilities Corporation’s Utility Rate Structure to ensure CUC’s continuing ability to deliver vital utility services; to provide flexibility to the governor and other expenditure authorities to reprogram funds for the remainder of fiscal year 2008; to suspend earmarking of certain non-general fund revenue; to authorize CUC to use a portion of customer security deposits to pay for its fuel expenses; to set the government employer contribution rate at 11% for fiscal year 2008; to increase certain government services fees; and for other purposes16-02
04/24/2008To impose an employer retirement contribution rate of eighteen percent for employees funded by the general fund; and for other purposes15-126
01/16/2008 To require insurance coverage for individuals with diabetes in the Commonwealth; and for other purposes15-125
10/17/2007To amend 1 CMC§ 81 17(i) of the Commonwealth Civil Service Act to provide that the Civil Service Commission shall amend the Civil Service Rules and Regulations to remove any and all provisions requiring that persons seeking to be certified as eligible for a civil service position have prior work experience if such persons possess a Bachelor’s, Masters, or Doctoral degree. in a field of expertise related to the civil service position for which the person has applied15-119
12/14/2007To amend Public Law 15-95 to exempt federally funded capital improvements and procurement of goods and services from the Local Bidder Preference Law of the Commonwealth; and for other purposes15-118
11/29/2007To repeal and re-enact Public Law 15-69 to allow employees of the Commonwealth Government to apply for sick leave to attend to immediate family members; and for other purposes15-116
11/29/2007 To amend public law 15-73 and saipan local law 15-27 regarding appropriations to the Commonwealth Election Commission; and for other purposes15-102
10/19/2007To amend 4 CMC § 9353(d) to allow funds deposited in the Special Disability Fund to be invested in Investment Grade U.S. Fixed Income Securities as well as Unrated Securities of the U.S. Treasury and U.S. Government Agencies and other publicly traded securities in order to provide for the possibility of achieving a greater rate of return; and for other purposes15-99
10/10/2007To authorize Class I Members of the Retirement Fund with fifteen years of actual service contributions to the Retirement Fund to withdraw their contributions; and for other purposes15-98
09/15/2007 To amend 1 CMC § 7407, and for other purposes15-86
09/19/2007 To amend 1 CMC § 2904 regarding executive appointments; and for other purposes15-84
08/20/2007 To Amend 4 CMC § 1103; to repeal and re-enact 4 CMC § 1503; to repeal and re-enact 4 CMC § 1505; and for other purposes15-78
07/13/2007To re-appropriate $50,000.00 from Saipan Local Law 15-12, Section 2(f); and for other purposes15-73
06/26/2007To amend Public Law 15-28; and for other purposes15-71
06/14/2007 To amend the NMI Retirement Fund Act to improve its fiscal solvency, to subject to referendum any charges that by law increase benefits offered under the defined plan of the NMI retirement Fund Act15-70
05/17/2007 To prohibit the NMI Retirement Fund from paying less then the full pension to retirees15-61


02/26/2007
To rename the NMI Retirement Building at Capito Hill “Governor Lorenzo I. De Leno Guerrero Retirement Fund Building;” and for other purposes15-47
09/28/2006To give a CNMI gov’t retiree who is subsequently re-employed with the government the option to waive their salary and instead continue receiving their benefits15-31
06/20/2006To amend 3 CMC §§ 4301 and 4331, sections 3, 4 and 5 of PL 11-60, and enact new provision to reduce the minimum investment required of foreign retirees15-16
To authorize the Commonwealth Government to suspend the government obligation (employer contribution) owing to the Northern Mariana Islands Retirement Fund for the remainder of fiscal year 2006 and fiscal year 200715-15
06/16/2006To amend the effective date of the Retirement Fund Contribution period in 1 CMC § 836215-14
06/16/200615-1315-13
11/21/2005To exempt PSS from a rate increase of the employer contribution to the Retirement Fund14-98
12/05/2003To Amend the Northern Mariana Islands Retirement Act of 198813-60
To amend 1 CMC 8404 – To provide for the automatic expiration and repeal of PL 8-3011-114
09/10/1999 Amends 1 CMC § 8391 to allow retirees to receive survivors benefits in addition to any retirement or other benefits they may have earned on their own account11-95
04/16/1998amends 1 CMC § 8341 to require 10 years contributing membership service for retirement benefits; effective 04-16-9811-09
02/12/1998implements Legislative Initiative 10-4, by allowing retirees to reenter the work force as classroom teachers, doctors, nurses and other medical professionals without losing their retirement benefits for a period not to exceed two years by amending 1 CMC § 839211-02
02/20/1998provides elected officials with the right to waive their salary and instead receive their retirement benefits, if they would otherwise be entitled to retire and receive such benefits, provided that such persons who so retire have served a full 25 years of actual and applicable government service; effective 02-20-98. § 2 creates 1 CMC § 8441 new Chapter 9 on “Waiver of Salaries by Elected Officials10-88
11/03/1996amends Commonwealth Government Employees’ Credit Union Act of 1995 [PL 9-52] to allow retired government employees to be members; permits Credit Union loans to be repaid by allotments from retirees’ pension checks; authorizes government agencies to make deposits and investments in Credit Union backed by full faith and credit of Commonwealth government; creates 10-year limitations period for actions by Credit Union and former Saipan Credit Union to recover delinquent loans and damages;§ 3 amends 4 CMC § 6873; § 4 amends 4 CMC § 6876; § 5 amends 4 CMC § 6872; § 6 amends 4 CMC § 6874; § 7 amends 4 CMC 6878; and § 8 amends 1 CMC §§ 107 and 8383, and 7 CMC §§ 2503, 2505 and 251210-37
06/21/1996transfers administration of government health and life insurance programs to Northern Marianas Retirement Fund; § 2 creates 1 CMC § 8421; § 3 creates 1 CMC § 8422; § 4 creates 1 CMC § 8423; § 5 creates 1 CMC § 8424; § 6 creates 1 CMC § 8425; § 7 creates 1 CMC § 8426; and § 8 creates 1 CMC § 842710-19
07/14/1995raises from three years to ten years the maximum term Class 1 members of NMI Retirement Fund may contribute to fund and still receive refund upon separation of service;§ 1 amends 1 CMC § 835609-45
02/14/1995(appropriates sum from amusement machine licensing fee revenue–otherwise reserved for Retirement Fund–for design and construction of senior citizen centers on Saipan and Rota and completion of Tinian courthouse and fire station; NOT CODIFIED, TEMPORARY LAW09-28
01/24/1995 To make appropriations for the operations and activities of the Government of the Northern Mariana Islands09-25
06/20/1994Judicial Building Financing Act of 1994”; authorizes loan from the NMI Retirement Fund for construction of new judicial complex; Not codified (temporary law) 09-03
To amend 1 CMC Division 8, by adding new sections 8333 (Overtime or Compensatory Time Worked Service Credit) and 8334 (Requirement for Overtime or Compensatory Time Worked Service Credit08-130
01/07/1994To amend the NMI Retirement Fund Act of 1988 by adding new subsections to 1 CMC § 8323, 8324, 8325, and 8326, to grant prior service credit for service rendered by employees of the US District Court for the NMI, Appellate Division; to grant prior service credit for service rendered by employees of the National Health Corp.; and to grant prior service credit for service rendered by employees of the Commission on Federal laws08-39
10/01/1993 To amend the NMI Retirement Fund Act of 1988 PL 6-17), as amended, to provide for an annual cost of living increase, to increase the minimum annuity from $1,200 per annum to $6,000 per annum and to provide an option for continued life and health insurance to annuitants08-31
10/01/1993To establish an Early Retirement Bonus Program08-30
To amend 1 CMC Division 8, by adding new sections 8333 and 8334, and for other purposes08-24
10/16/1991To amend 1CMC § 8392 by adding a subsection to allow an additional exemption from the prohibition of governmental employment for governmental retirees who are specifically exempted by the governor07-40
10/11/1991To amend the NMI Retirement Fund Act of 1988 ( PL 6-17 ), as amended, to provide for an annual cost of living allowance to annuitants of the retirement fund; to provide for the hiring of retirees under the Older Americans Act07-39
01/19/1990To amend PL 6-17 to make technical corrections and administrative amendments to the law06-41
04/03/1989 To provide for an actuarial sound, locally funded pension system for government employees06-17
12/22/1987To amend 1 CMC, Div. 8, Chptr. 2 § 8321 (d) (3) so as to clarify the intent to give Retirement Fund Service Credit for the Commonwealth Government employees who were employees of CAA, MLSC, Headstart Program and the Saipan Credit Union when those entities were non-profit or Governmental Agencies or Governmental Instrumentalities05-48
09/12/1985To amend § 2 (a) and § 15 of PL 4-32 to exempt the fund custodian and investment agent of the Northern Mariana Islands Retirement Fund from the definition of employee04-62
01/29/1985To amend Division 3 of Title 3, of the Commonwealth Code, cited as the Northern Marianas Islands Social Security Act, to increase the earnings test exempt amount, and retirement disability, and survivors benefit amounts; to eliminate the earnings test for individuals aged 70 and over; to add provisions to pay auxiliary benefits to the spouses and children of life beneficiaries; to review tax rate changes04-27
11/14/1984To amend 1 CMC § 8312 (c) and (d)(1) to provide retirement benefits to retired employees of the Trust Territory Government and their families, to amend PL 3-9904-20
04/12/1984To provide for the flexibility of the Northern Mariana Islands Retirement fund in the investing of its assets; effective04-04
01/08/1984 To increase benefits paid to retired members of the Retirement Fund, to restrict retirement benefits paid to active employees of the Government of the CNMI, to amend PL 1-4303-99
12/14/1982 To designate the first Sunday of October of each year as “Ha’anen Retiru” for the Commonwealth of the Northern Mariana Islands03-34
11/04/1982 To amend §’s 104(z), 401(b) and 402 of PL 3-11 to provide that any passenger disembarking from a ship or an airplane may import for personal use and consumption a limited amount of cigarettes, tobacco, distilled alcoholic beverages, beer, wine, or sake which shall be exempt from excise taxes; to exempt books and other educational materials purchased by a school or library from the excise tax; to provide that persons importing for non-business use shall be exempt from the general excise tax; to provide benefits paid by the US Social Security Administration and the NMI Retirement Fund shall not be taxed as wages and salaries03-28
06/14/1982 To make Supplemental Appropriation for the sum of $500,000 for Retirement fund program for the FY ending September 30, 198203-12
05/06/1982To appropriate the sum of $136,100.00 of the NMI Social Security Retirement Fund to defray the operation and contingent expenses of the NMI Social Security Administration for FY 198203-06
10/01/1981 To amend the Act establishing the Northern Marianas Retirement Fund, PL 1-43, as amended by PL 2-1802-47
08/10/1981To appropriate the sum of $144,240 out of the NMI Social Security Retirement Fund to defray the operation and contingent expenses of the NMI Social Security Administration for FY 198102-21
07/30/1981 Making appropriations for retirement contributions, fuel for power generation, medical referrals, and medical supplies for the FY ending September 30, 198102-20
10/15/1980To amend the NMI Social Security Act to increase benefits for retirement, disability, and survivors, roll back the increase in tax rates for contributions after 1980, increase base amount of 1981, increase the amount which may be earned without reduction of benefits, exempt persons over 72 years from any reduction due to earnings, change the method for computing self-employment taxes
02-06
01/18/1980 To establish a Retirement Fund for the Government of CNMI; effective
01-43
03/16/1979To amend NMI Social Security Act to: increase the contribution and benefits base amount, the earnings test exempt amount, and retirement, disability, and survivors benefit amounts; to modify the provisions regarding disability benefits, survivors benefits for children, and the life of applications to make them more like those in the US Social Security Act, and to clarify the starting date for purposes of determining fully insured status
01-27
11/24/1978To appropriate the sum of $109,148.00 out of the NMI Social Security Retirement Fund to defray the operation and contingent expenses of the NMI Social Security Administration for FY 1979
01-15