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The Office of the Public Auditor released the findings of a financial audit of the Government of Guam Retirement Fund’s finances for Fiscal Year 2007. For the first time in a decade the Fund received a 16.2% return on investment, and realized a $154.1 million increase in plan net assets. Despite the increase, the OPA notes the fund liquidated $64.3 million in investments because for every dollar of future defined benefit retiree annuities, the Fund has accumulated less than $0.50 to meet that ob

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