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Wednesday, July 24, 2013

5 Northern Marianas retirees get over $100,000 a year in pensions



BY ALEXIE VILLEGAS ZOTOMAYOR
Variety Associate Editor 
 www.mvariety.com

DESPITE the 25 percent pension cut on the horizon for Northern Marianas retirees, five of the 2,395 retirees whose combined annual pensions of $546,549.62 will probably have enough left compared to those getting only $6,000 a year.

Based on the latest Fund records, five retirees are receiving $101,031.34, $107,275.53, $110.114.45, $110,359.50 and $117,767.80. Their identities were not released by the Fund.
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Even if their benefits are reduced by 25 percent — as proposed in the settlement of the Betty Johnson case — they would still be getting $75,773.51, $80,456.65, $82,585.84, $82,769.63 and $88,325.85. 

A motion to approve the settlement agreement is to be filed in court by July 24, but no specific details are yet available to the public as to how the proposed cut in pensions will be implemented.
Additionally, five retirees are getting between $80,000 and $90,000 a year: $80,387.84, $81,210.06, 83,021.07, $88,269.26, and $89,196.97.

Combing through the records, Variety learned that 327 retirees are getting between $6,000 and $10,000 a year; 771 retirees between $10,000 and $20,000; 773 retirees between $20,000 and $30,000; 387 retirees between $30,000 and $40,000; 119 retirees between $40,000 and $50,000; and 90 retirees between $50,000 and $80,000.

133 retirees are receiving pensions of less than $7,000 a year, 29 of whom get exactly $6,000 in annual benefits.

82 retirees are getting between $7,027.71 and $7,978.07 in annual benefits.
84 retirees get between $8,021.79 and $8,915.12 while 36 receive from $9,038.72 to $9,964.28.

51 retirees get from $10,009.90 to $10,991.03 and 62 retirees are paid between $11,042.67 and $11,999.

66 get annual pensions between $12.003.23 and $12,993.01

62 retirees get from $13,005.07 to $13,969.45 while 73 get $14,000 - $14,982.85

Moreover, 66 retirees are paid $15,032.50-$15,993.39; 71,   $16,031.02 - $16,998.83; 82 retirees, $17,004.34 - $17,993.91; 66 retirees, $18,008.70 to $18,995.88; 76 retirees,   $19,003.24 - $19,959.47; 34 retirees, $20,005.71 to $20,977.86; and 23 retirees, $21,014.28 - $21,987.24.

Further, 72 pensioners are getting annual benefits in the range of $22,018.21 - $22,981.87; 88, $23,005.72-$23,985.36; 78, $24,034 - $24,985.05; 77 retirees, $25,004.84 - $25,993.09; 81, $26,000.77 - $26,976.12; 93, $27,001.11 - $27,999.57; 64, $28,001.74 - $28,968.13; 61, $29,008.09 - $29,996.42; 65, $30,016.09-$30,980.10; 49, $31,009.25 - $31,947.28; 47, $32,078.63-$32,994.01; 47, $33044.10 – $33,994.80; 40, $34,005.40-$34,937.41; 36, $35,020.51 - $35,982.59; 33, $36,079.82 – $36,990.03; 22, $37,011.33 - $37,831.82; 24, $38020.55 - $38,832.42; 26, $39,021.57 - $39,977.09; 17, $40,033.03 - $40,989.92; 25, $41,005.98 - $41,959.27; 14,$42,028.95 – $42,943.44; 13, $43,304.95 - $43,942.41; 20, $44,179.77 - $44,959.01; 12, $45.257.93 - $45,875.86; 9, $46,007.79 - $46,999.24; 6, $47,125.51 - $47,954.93; 12, $48,003.16 - $48,820.61; 9, $49,026.66 - $49,923.67; and 16, $50,153.51 - $50,997.97.

There are 8 retirees getting $51,022.15 - $51,946.

Six retirees have annual pensions between $52,210.34 and $52,970.44.

Nine receive from $53,021.58 to $53910.13.

There are 10 pensioners with annual benefits of $54,047.22 – 54839.23.

Three retirees are paid $55,312.22 to $55,529.43 a year.

Five retirees have annual pensions of $56,020.14 to $56.827.84.

Two get $57,127.33 to $57,563.77 while 31 receive $58,194.60 - $77,884.43.

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