Palau social security taxes increases to cover added benefits for retirees


Palau Correspondent

KOROR, Palau — A new budget bill signed by Palau President Tommy Remengesau Jr. on Sept. 27 contained amendments to the Social Security Program to provide for a permanent financing of the $50 increase to the monthly benefits of retirees. 


, in his transmittal letter to Palau Congress leadership, said that although the amendment raised concerns from the Palau Chamber of Commerce and some members of the Senate about how it will impact businesses and employees, the long-term impact of the changes is more . . .

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