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ASG Employees Retirement Fund

Centennial Building location of Retirement Fiund office
Pago Pago, AMERICAN SAMOA — Provisions of the federal Employee Retirement Income Security Act, commonly known as ERISA, “shall not apply” to the  ASG Employment Retirement Fund because it’s a government pension plan. This is according to a senior ASG official, who provided the unsolicited input,...
Attorney General Talauega Eleasalo Ale
    Pago Pago, AMERICAN SAMOA — Changes made to a provision of the law in Dec. 2008 authorizing the government to borrow $20 million from the ASG Employees Retirement Fund, eliminated the sunset clause, which was meant to roll back local investment from 17% to 10% after the loan was paid off. This...
Sen. Tuaolo Manaia Fruean
Pago Pago, AMERICAN SAMOA — American Samoa TeleCommunications Authority’s new proposal of $18.25 million in funds pending with the ASG Employees Retirement Fund is dependent on Legislative approval of an Administration proposed bill seeking to hike the local investment rate of the retirement fund...
HAWAIKI CABLE SYSTEM MAP
Pago Pago, AMERICAN SAMOA — Among the proposed amendments to provisions of the ASG Employees Retirement Fund law is a new section “authorizing investment” in the ASTCA-owned Hawaiki cable project, which includes the American Samoa branching unit that went live last month. The branching unit cost $...