By: L.N. Reklai KOROR, Palau (Island Times) — A new legislative proposal aims to separate the Palau Health Care Fund (HCF) from the Social Security Administration (SSA), a move lawmakers say will modernize the nation’s health financing system and improve financial accountability. Senate Bill No. 12-40 seeks to amend Chapter 9, Title 41 of the […]
Tag: Social Security
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Rider on fish export bill increases SS basic benefit, exempts actuarial report
Senate deferred its bill SB 10-63, HD3, banning exportation of any living marine resource in Palau’s “reef areas, territorial sea, and internal waters” back to the House of Delegates after House added a rider to it increasing the basic social security benefit and removing mandate for an actuarial report on impact of such increase. House […]
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SS benefit increases by $50 as rider to RPPL 10-44,Apply only to direct beneficiaries
A bill creating a Medical Licensing Board licensing non-Palauan doctors to practice in Palau was signed into law yesterday as RPPL 10-44 but with a rider that is watched by many retirees in Palau, the $50 additional increase to Social Security benefits that was tagged on to the bill. The bill rider appropriated $2.1 million […]
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Refund of SS contributions endorsed in national congress
A Senate bill offering to pay back a one-time lump sum payment of Social Security contributions to those who have reached 60 years of age but do not have enough qualifying quarters, received full support from the House of Delegates’ Ways & Means Committee yesterday, December 10. The bill also entitles contract workers making permanent […]