Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698142055556.pdf (Micronesia, Federated States of)
SIXTEENTH CONGRESS OF THE FEDERATED STATES OF MICRONESIA FIRST REGULAR SESSION, 2009 C.R.

NO.

16-14 A RESOLUTION Respectfully requesting the Governors and the Speakers of each State to amend their mandatory retirement legislations as a collective effort to compliment the effort by the FSM Social Security Administration to keep the Program solvent.
1 WHEREAS, the FSM Social Security Administration has continued 2 to disburse social security checks to eligible beneficiaries that 3 retire at age 60; and 4 WHEREAS, in order to keep the FSM Social Security Program 5 solvent, the Program proposes in Public Law No.
15-73 that 6 individuals who turn 60 after January 1, 2010, such individuals 7 from ages 60 to 64 will receive fifty percent (50%) of the total 8 of all the described benefits; and the rationale behind this 9 provision is to increase the retirement age to 65; and 10 WHEREAS, during the States and National Leadership 11 Conference, the principals strongly suggest that the National 12 Government must come up with the necessary funding for the Social 13 Security Program instead of implementing the specific provision 14 aforementioned; and 15 WHEREAS, in the National Government proposed budget for 16 fiscal year 2010, at least $1 million is being proposed as subsidy 17 for the Social Security Program; and 18 WHEREAS, as a collective effort by all the leaders of this 19 nation, the 16th Congress is hereby respectfully requesting that 20 the Governors and the Speakers of each State amend their mandatory 21 retirement legislations as a collective effort to compliment the CRL 16-7 C.R.
NO.
16-14 1 FSM Social Security Program’s effort in keeping the system 2 solvent; now, therefore, 3 BE IT RESOLVED by the Sixteenth Congress of the Federated 4 States of Micronesia, First Regular Session, 2009, that the 5 Congress hereby requests the Governors and the Speakers of each 6 State to amend their mandatory retirement legislations; and 7 BE IT FURTHER RESOLVED that certified copies of this 8 resolution be transmitted to the President of the Federated States 9 of Micronesia, the Governors of each State, the Speakers of each 10 State, the President of the Chuuk State Senate, and the 11 Administrator of the FSM Social Security Program.
12 13 Date: 6/3/09 Introduced by: /s/ Peter Sitan Peter Sitan of 2