Hagåtña, Guam – Days before the statutory deadline of November 1, approximately 8,000 Government of Guam retirees and their qualified survivors can expect to receive their Cost of Living Adjustment (COLA) payments Friday, October 25.
About $14 million to cover the cost of COLA was released to the Government of Guam Retirement Fund (GGRF). COLA recipients will then receive the payments from the GGRF.
“We can meet obligations in advance of deadlines because of strong cash management,” said Governor Lou Leon Guerrero. “Our retirees are a priority and they always will be.”
COLA payments are released annually and are appropriated every fiscal year.
Lieutenant Governor Tenorio added: “COLA recipients are people who worked for years in service to the people of Guam. This is about helping people who worked a lifetime to meet the needs of daily living.”