Retirees Pension Obligation Funding

At a glance

What: H.B. 24-84 authorizes spending $2,105,563 identified by the Governor as a surplus from FY2025 revenues, for the Public School System ($500,000) and the retirees' 25 percent pension obligation (about $1.5 million).
Where it stands: The Senate passed it 6-0 on July 20, 2026. Senator Hofschneider said it would carry retirees only about a month and a half and leave them short of full payment through September 30, 2026.
Also: S.R. 24-18, adopted by voice vote, asks the Governor and Attorney General to ask the federal district court to reconsider recovery of alleged pension overpayments.

A retiree speaking in Chamorro urged support for H.B. 24-84, explaining that the 25 percent reduction and repayment of alleged overpayments through reduced pensions were straining retirees' health insurance, car, food and utility payments.
Another retiree thanked the Senate for bringing the bill to the floor.

Senator Hofschneider, Fiscal Affairs chair, said the Finance Secretary certified about $2.1 million; $500,000 goes to the school system and the rest to retirees, and more funds are needed to keep them whole to September 30.
President King-Nabors said it is the Senate's position that this activity was adequately funded, that a large discrepancy exists between the Senate's numbers and those furnished by the administration, and that the Senate would try to identify the gap and find the remaining $1 million.
Senator P. Manglona (in Chamorro) supported passage and discussed the 25 percent cut, the Settlement Fund's 75 percent guarantee and the burden on older retirees.

Senator Hofschneider introduced S.R. 24-18 and explained that a law could not override the federal court's decision, so the best route is for the Governor and Attorney General to raise it at the Settlement Fund status conference. Rules were suspended 6-0 to calendar it; it was adopted by voice vote.

Senate Journal, July 20, 2026 (Sixth Special Session, SJ 24-29): https://cnmileg.net/documents/senate/journal/24/1587.pdf

H.B. 24-84 passed 6-0; S.R. 24-18 adopted. Retirees spoke in support.