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Finance to release $1.7M in retroactive payments for retirees

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(Office of the Governor) —  Gov. Ralph DLG Torres and Lt. Gov. Arnold I. Palacios announced on Thursday that the Department of Finance is set to release $1,735,837.71 in retroactive payments next week for retirees to cover payrolls on April 15, April 30, and May 15, 2020.

“We thank our retirees for their patience and understanding as our administration and our leadership in the Legislature worked very hard to ensure they are taken cared of for their years of service during this economic downturn. We have been for our retirees from the very beginning, and we continue to demonstrate that they remain a top priority,” said Governor Torres.

“This pandemic has impacted our economy and our way of life, but we will continue to do whatever it takes to take care of our retirees’ full pensions for their public service. Governor Torres and I thank our Legislature leadership and the Department of Finance for their collaboration and commitment to ensuring these payments to our retirees,” said Lt. Governor Palacios.

“As the secretary of Finance, it has been a priority to work with the Settlement Fund to take care of our 2017 [Alternative Payment of a Greater Amount debt to the Settlement Fund, which we did.  This had to be done in order to be able to pay the retroactive payments owed to our retirees.  We know this payment will help our retirees and their families, especially during this pandemic.  Thanks to all the retirees for their patience,” said Secretary of Finance David DLG Atalig.

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