Retroactive Salary Adjustment Pursuant to PL 7-31

Retroactive Salary Adjustment Pursuant to PL 7-31. The Administrator of the Retirement Fund shall recalculate and adjust the benefits of those current and former employees who are now entitled to salary adjustment compensation under this Act and shall receive one lumpsum payment added on to one of the three highest salary paid annually. Provided further that the Secretary of Finance shall amend the W-2 statement of all former and current employees who are entitled to receive such compensation to reflect such salary adjustment. Source: Saipan LL 13-8, § 4, modified. Commission Comment: PL 7-31 is codified as 1 CMC § 8213 et seq. See 1 CMC § 3806 regarding the Commission’s revision authority.