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img51 July 1, 2014 11:32 AM, posted
MISSA celebrates 46th Year Anniversary & 11th Retirees' Day
July 1 of every year since 2004 is being celebrated as the Administration's anniversary date and retirees' Day.

During their meeting on June 24, 2004, then President Kessai Note and his Cabinet approved and delared July 1st of every year as MISSA's anniversary date. It was on July 1, 1968 when the Trust Territory Social Security (TTSSS) was first established. The former President and his Cabinet also approved July 1st as Retirees' Day in honor of all retired and disabled citizens who have served the Marshall Islands in various employment capacities in the Government and Private sectors.



rpts1 May 15, 2014 11:09 AM, posted
MISSA's net assets continue to increase in spite of 1.5 million investment drawdown
The Administration’s offshore and local investments continue to give MISSA the needed lifeline to remain financially healthy in the medium term. As of the latest financial report of MISSA, investment gains for the first half of FY 2014 totaled $4.23 million.
First quarter    $2.62 million
Second quarter    1.61
Total    $4.23 million
The gains have increased MISSA’s net assets to nearly $75 million as of March 31, 2014. This translates to a $0.77 million or 1% increase over the last six months in spite of the $1.5 million drawdown from the Fund in February. (read more)





rpts1 May 15, 2014 11:25 AM, posted
MISSA welcomes MIHS seniors on their on-the-job-training
In support of the Marshall Islands High School’s (MIHS) practical training program for graduating students, the Administration has accepted to mentor three of its senior students, namely Bollong Laulej, Jolet Racey and Fani Ronlok Inok , who will be receiving associate degrees in Accounting, Secretarial and Information Technology, respectively, at the end of this school  year. This on-the-job training, also known as OJT,  starts from 1:00pm to 5:00pm on March 31, 2014 and ends on May 22, 2014 (8 weeks), Mondays to Thursdays. (read more)





rpts1 April 28, 2014 15:25 PM, posted
MISSA releases Quadrennial report 2010 - 2013
“Reforming the system to sustainability” is the slogan adopted by MISSA in its quadrennial report for fiscal years 2010-2013 that was released recently.

The report highlighted MISSA’s struggles to keep the Marshall Islands Retirement Fund financially healthy in the medium term and cushion the impact of the widening gap between benefits and contributions.  This gap, if not corrected immediately, is expected to shorten the lifespan of the Fund to nine years, and possibly shorter. Read more…

 







121 March 14, 2014 18:25 PM, posted
Welcome to our new website design
MISSA is adopting a new design for its website. It has now a new look and feel, as well as some new features like the link to its new Facebook account at https://www.facebook.com/www.rmimissa.org

Missing pages - as our website is still under reconstruction, we apologize for missing links and pages.

MISSA would also like to say "komol tata" to the Marshall Islands Visitors Authority (MIVA), David Kirkland, Jacob Applebaum and Eunice Borero for the beautiful islands photos they provided.





121October 03, 2013 17:01 PM posted
What to know about Bill No. 43 - The Social Security (Amendment) Act, 2013
Public hearings were held in Majuro and Ebeye on September 20 and 26, 2013, respectively, to discuss Bill No. 43, also known as the Social Security Amendment Act, 2013. This bill is aimed to amend 18 sections of the Social Security Act of 1990 to provide for changes that will lead to further financial stability of the retirement fund by increasing contributions, decreasing benefits and removing loopholes that trigger benefits to uncontrollably increase. Read More...






ds1 March 07, 2014 16:50 PM posted

MISSA’s offshore investment gains reach $3.24 million in the first five months of FY2014
Despite the $1.5 million drawdown from the Fund last month, the market value of MISSA’s investments outside the country has grown to $61.453 million as of February 28, 2014, up by $1.74 million or 3% from last fiscal year. The increase was mainly due to the $3.24 million investment gains from October 2013 through February 2014. The month of February was the banner month for MISSA’s investments when its market value appreciated by $1.89 million. Read more…..








1 March 07, 2014 16:50 PM posted

FY 2013 audit – MISSA earns another A+ rating, the 12th year in a row
Since 2002, the Administration remains as one of the few government agencies that earn clean audit each year - which means that MISSA’s financial records were complete, updated and made available to auditors on time and free from material inaccuracies or questioned costs and spending. Likewise, MISSA’s auditors did not encounter any weaknesses or violations to its internal policies and procedures or non-compliance to existing laws of the Marshall Islands. The Administration has also consistently earned the top spot of being the first government agency whose audit is completed (normally within two months) after the close of the fiscal year. Read more.....




121 October 03, 2013 17:01 PM posted

“I would like to thank you for taking some time off of your busy schedule to talk to the Co-op Civics 12 class about what MISSA does. I was surprised to hear about the bill that MISSA is trying to pass. At first I did not think that it should be passed, but now I see that if we continue to pull out money from the bank, then it will hurt us in the future.” (Damien Lemari).
“Thank you for allowing the civics class to visit MISSA. We learned a lot of information. I learned that people must work for 38 quarters and must be 60 years old to get money from social security once they retire.” (Joseph Katjang). Read More....




21 January 30, 2014 at 09:50 AM
MISSA releases latest issue of its Quarterly Newsletter
The Administration has released the latest issue of its quarterly newsletter “The Social Security Journal” which highlights Bill No. 43 also known as the Social Security (Amendment) Act, 2013. It also includes MISSA’s financial performance for FY 2013 and its future economic outlook. Read More..








21 December 18, 2013 at 09:50 AM
MISSA bids farewell to Raquel and welcomes Amie and Ave
The Administration bids farewell to Raquel de Leon, MISSA’s CFO & Deputy Administrator, who is moving back to the Philippines. During her more than three-year stint with the Administration, Raquel was instrumental in MISSA’s maintaining a strong internal control over financial reporting and earning clean audits during her tenure. Before her departure, Raquel added another milestone to MISSA, being (again) the first in the country to have its audit for FY 2013 completed by Deloitte & Touche, less than two months after the close of the fiscal year. Read More..




121 December 18, 2013 09:52 AM posted
Mathilda & Krystal selected as Liaison Officers during the 44th Pacific Islands Forum
Being a Liaison Officer was a tough but very rewarding role. This what Mathilda Lanwi and Krystal Muller felt about their experience during the 44th Pacific Islands Forum (PIF) that was hosted by the Marshall Islands on September 3-6, 2013 and held on Majuro. Read More...





121 December 18, 2013 18:25 PM posted
MISSA's financial performance in FY 2013

Despite the country’s sluggish economy that forced a number of the country’s top 50 employers to either partially pay or default in their current quarters, MISSA was still able to increase its revenues in FY 2013. This is attributed to the concerted efforts of MISSA’s tax compliance officers, auditors and legal counsel who continuously sought all remedies, including legal action, to enforce MISSA’ tax laws and regulations. Read more......