Retirement Fund still in business

GUALO RAI Saipan - Despite its unfunded liability the Northern Mariana Islands Retirement Fund is still in business according to an independent auditor.According to the reports on the audit of financial statements of years ended Sept. 30 2008 and 2007 submitted to the Board of Trustees of the NMIRF by J. Scott Magliari & Co. during the board's monthly meeting "If the central government didn't receive a going concern then you (retirement fund) wouldn't be a going concern . . .

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