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1 March 24, 2017 10:52 AM, posted
NITIJELA PASSES MISSA REFORM BILL NO. 75

 February 28, 2017, MISSA Bill No. 75 was passed by the Nitijela. The new law (P.L. 2017-30) will take effect starting March 6, 2017.

Bill 75 is an enhancement of Bill 47 previously passed by the Nitijela in September 2016 but its implementation was deferred until March 6, 2017 with the passage of Bill 54. It also includes certain provisions in Bill 43, a bill introduced in 2013 but was unsuccessful and that bill has since been eliminated. (read more)

bill47img1 October 07, 2016 4:00 PM, posted
MISSA Reforms Bill No. 47 approved by the Nitijela

After years of constant MISSA appeal for Government intervention, the Nitijela of the Marshall Islands finally made a historic decision to enforce drastic changes to the current Social Security law to save the Retirement Fund from early depletion. 

On September 29, 2016, with 24 yes and 2 no votes by the Nitjela, the Social Security (Amendment) Act 2016 was enacted into law and will take effect starting January 1, 2017. Had the decision of the MISSA reforms been delayed for another year, MISSA would have no other recourse but to withdraw again at least $7.5 million from its investments in FY 2017 to cover its operating deficit and pay on time its almost 4,700 beneficiaries. (read more…)

 

 

 

 

pix021 May 03, 2016 10:00 PM, posted
Social Security Pension Workshop in Majuro a big success

Modify Bill No. 43 and reintroduce as a new bill; and require by law Government appropriation of at least $6 million every year, beginning FY 2017 through 2026 – These are two extremely urgent appeals that MISSA raised to the RMI President,  Cabinet and Nitijela during the just concluded Social Security Pension Workshop and consultation held in Majuro on April 25-29, 2016. Read more…

 

 


kajur1 April 25, 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!!