PRESIDENTIAL MEASURE TO EXTEND EARLY RETIREMENT PROGRAM IN FEDERATED STATES

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OF MICRONESIA

PALIKIR, Pohnpei, Federated States of Micronesia (January 19, 2000 – FSM Information Service)---FSM President Leo A. Falcam has submitted a measure to Congress to extend the FSM early retirement program to May 31, 2000, thus making legal an earlier extension associated with Asian Development Bank funding.

The measure would also make participants ineligible for re-employment before September 30, 2001, or two years after their effective date of retirement, whichever comes first.

The ERP program’s legal life ended October 5, 1999 without the FSM meeting its staff reduction targets. However, the FSM was granted a December 31, 1999 extension by the ADB to meet the targets, said the President.

The January 2 letter to Speaker Jack Fritz emphasized the importance of meeting staff reduction targets.

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