Both Palau national congress and the executive branch have agreed to seek funding to help Palau Public Utilities Corporation (PPUC) address its financial shortfall while they work on a long-term plan to remain financially solvent. Despite the promised assistance, PPUC continues to be concerned about its financial future based on its current financial status and […]
Tag: Palau National Congress
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OEK seeks amendment in pension plan
A bill was introduced last month to amend civil service pension plan stating that with the current rate of contributions the fund will be in negative fiduciary net position. The OEK suggests that by 2022 at the current contribution levels the value will be negative creating a growing concern which needs addressing in order to […]