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kajur1 April 20, 2016 2:57 PM, posted
2016 PENSION WORKSHOP

The Pacific Financial Technical Assistance Center (PFTAC), in cooperation with the International Monetary Fund’s (IMF) Expenditure Policy Division and the Bank of the Marshall Islands, will sponsor and facilitate a workshop on April 25-27, 2016 in Majuro to discuss the social security issues and pension challenges facing the Marshall Islands, Federated States of Micronesia and Republic of Palau, and explore optional solutions. READ MORE....

1 January 6, 2016 2:57 PM, posted
ANNOUNCEMENT
This is to inform the public that MISSA has started conducting a beneficiary screening in order to identify beneficiaries who may:

  • no longer qualify for continued benefits as they may have passed away (for all beneficiaries).
  • have remarried (for surviving spouses); have married (for surviving  children).   
  • have found gainful work/employment (for medical retirees).
  • have stopped going to school (for surviving children aged 18 to 22 years).
  • have left the RMI permanently (for non-citizens). READ MORE....

 

KOJELA KOJELA!!

kajur

1 October 29, 2014 10:32 AM, posted
IF THERE'S A WILL, THERE'S A WAY!
Pictured: Saeko Shoniber (4th from left), MISSA’s Board Chairperson and KAJUR’s Accounting team look on as Helena Paul, KAJUR’s Chief Accountant, presents to Bernie Lojkar (2nd from left), MISSA’s Ebeye Branch Manager, the last installment payment of $55,046 that completely paid-off KAJUR’s $0.9 million debt to MISSA.

KAJUR is one of the few COMPACT funded agencies whose financial operations significantly improved over the years. Sometime in 2005, the management of Ebeye’s sole power provider was terminated by American Samoa Power Association (ASPA). Consequently, a Cabinet paper was approved that established one common Board to oversee the operations of the three existing utility companies on Majuro and Ebeye, namely - MEC, MWSC and KAJUR.

 

 

img51 July 1, 2014 11:32 AM, posted
MISSA celebrates 46th Year Anniversary & 11th Retirees' Day
July 1 of every year since 2004 is being celebrated as the Administration's anniversary date and retirees' Day.

During their meeting on June 24, 2004, then President Kessai Note and his Cabinet approved and delared July 1st of every year as MISSA's anniversary date. It was on July 1, 1968 when the Trust Territory Social Security (TTSSS) was first established. The former President and his Cabinet also approved July 1st as Retirees' Day in honor of all retired and disabled citizens who have served the Marshall Islands in various employment capacities in the Government and Private sectors.

 

rpts1 May 15, 2014 11:09 AM, posted
MISSA's net assets continue to increase in spite of 1.5 million investment drawdown
The Administration’s offshore and local investments continue to give MISSA the needed lifeline to remain financially healthy in the medium term. As of the latest financial report of MISSA, investment gains for the first half of FY 2014 totaled $4.23 million.
First quarter    $2.62 million
Second quarter    1.61
Total    $4.23 million
The gains have increased MISSA’s net assets to nearly $75 million as of March 31, 2014. This translates to a $0.77 million or 1% increase over the last six months in spite of the $1.5 million drawdown from the Fund in February. (read more)


rpts1 May 15, 2014 11:25 AM, posted
MISSA welcomes MIHS seniors on their on-the-job-training
In support of the Marshall Islands High School’s (MIHS) practical training program for graduating students, the Administration has accepted to mentor three of its senior students, namely Bollong Laulej, Jolet Racey and Fani Ronlok Inok , who will be receiving associate degrees in Accounting, Secretarial and Information Technology, respectively, at the end of this school  year. This on-the-job training, also known as OJT,  starts from 1:00pm to 5:00pm on March 31, 2014 and ends on May 22, 2014 (8 weeks), Mondays to Thursdays. (read more)

rpts1 April 28, 2014 15:25 PM, posted
MISSA releases Quadrennial report 2010 - 2013
“Reforming the system to sustainability” is the slogan adopted by MISSA in its quadrennial report for fiscal years 2010-2013 that was released recently.

The report highlighted MISSA’s struggles to keep the Marshall Islands Retirement Fund financially healthy in the medium term and cushion the impact of the widening gap between benefits and contributions.  This gap, if not corrected immediately, is expected to shorten the lifespan of the Fund to nine years, and possibly shorter. Read more…

121 March 14, 2014 18:25 PM, posted
Welcome to our new website design
MISSA is adopting a new design for its website. It has now a new look and feel, as well as some new features like the link to its new Facebook account at https://www.facebook.com/www.rmimissa.org

Missing pages - as our website is still under reconstruction, we apologize for missing links and pages.

MISSA would also like to say "komol tata" to the Marshall Islands Visitors Authority (MIVA), David Kirkland, Jacob Applebaum and Eunice Borero for the beautiful islands photos they provided.


121October 03, 2013 17:01 PM posted
What to know about Bill No. 43 - The Social Security (Amendment) Act, 2013
Public hearings were held in Majuro and Ebeye on September 20 and 26, 2013, respectively, to discuss Bill No. 43, also known as the Social Security Amendment Act, 2013. This bill is aimed to amend 18 sections of the Social Security Act of 1990 to provide for changes that will lead to further financial stability of the retirement fund by increasing contributions, decreasing benefits and removing loopholes that trigger benefits to uncontrollably increase. Read More...

 

 

ds1 March 07, 2014 16:50 PM posted

MISSA’s offshore investment gains reach $3.24 million in the first five months of FY2014
Despite the $1.5 million drawdown from the Fund last month, the market value of MISSA’s investments outside the country has grown to $61.453 million as of February 28, 2014, up by $1.74 million or 3% from last fiscal year. The increase was mainly due to the $3.24 million investment gains from October 2013 through February 2014. The month of February was the banner month for MISSA’s investments when its market value appreciated by $1.89 million. Read more…..


1 March 07, 2014 16:50 PM posted

FY 2013 audit – MISSA earns another A+ rating, the 12th year in a row
Since 2002, the Administration remains as one of the few government agencies that earn clean audit each year - which means that MISSA’s financial records were complete, updated and made available to auditors on time and free from material inaccuracies or questioned costs and spending. Likewise, MISSA’s auditors did not encounter any weaknesses or violations to its internal policies and procedures or non-compliance to existing laws of the Marshall Islands. The Administration has also consistently earned the top spot of being the first government agency whose audit is completed (normally within two months) after the close of the fiscal year. Read more.....