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Retirement Fund

Rendering of proposed new Fono Building
Pago Pago, AMERICAN SAMOA — Three faipule have proposed major changes to the ASG Employees’ Retirement Fund law, which include having three members elected by Retirement Fund members and mandating an annual board meeting to be held in American Samoa. Sponsored by Reps. Larry Sanitoa, Andra Samoa,...
[l-r] ASG Treasurer Ueligitone Tonumaipe’a, Sen. Tuaolo Manaia Fruean, and businessman Tony Togiai
Pago Pago, AMERICAN SAMOA — ASG Treasurer Ueligitone Tonumaipe’a, Sen. Tuaolo Manaia Fruean, and businessman Tony Togiai  appeared yesterday morning before the Senate Retirement Committee for their confirmation hearing after being re-appointed by the governor to the ASG Employees’ Retirement Fund...
Some questions — as we come up on election season 2020. I notice the re-appointment of ASG Treasurer Ueligitone Tonumaipe’a to a four-year term on the government’s Employees’ Retirement Fund Board, with the governor’s qualifier: Tonumaipe’a’s membership on the board “is crucial” given his position...
Senate Retirement Committee chairman, Tuaolo Manaia Fruean
Pago Pago, AMERICAN SAMOA — The Senate Retirement Committee has requested an actuary report, through a study on the impact on the ASG Employees’ Retirement Fund (ASGERF) on a Senate bill, which seeks to cap a member’s contribution at a maximum annual salary of $85,000 to the government pension plan...
Rendering of proposed new Fono Building
Pago Pago, AMERICAN SAMOA — Gov. Lolo Matalasi Moliga has re-appointed three members to the American Samoa Government Employees’ Retirement Fund (ASGERF) Board of Trustees, and appointed five new members to the American Samoa Visitors Bureau (ASVB). RETIREMENT FUND In his nomination letter to Fono...
Governor’s assistant legal counsel Alema Leota
Pago Pago, AMERICAN SAMOA — The Senate Retirement Committee plans to make necessary changes to an administration bill which, among other things, hikes the contribution rate for employees to the Retirement Fund over a three year period, starting next year, according to committee chairman Sen. Tuaolo...
ASTCA building
Pago Pago, AMERICAN SAMOA — Legislative Financial Officer (LFO) Talalemotu Mauga has followed up on his Jan. 28, 2019 letter to ASTCA Chief Executive Officer, Lewis Wolman regarding several ASTCA financial reports requested by a member of the House of Representatives. In a Feb. 11, 2019 letter to...
American Samoa High Court building
Pago Pago, AMERICAN SAMOA — Judge Elvis P. Patea has denied a motion filed by Assistant Attorney General Robert Morrison to continue the jury trial of former Executive Director of the American Samoa Government's Employees' Retirement Fund, Luatua Filisouaiga Ta’afua. Trial will move forward as...
Sen. Magalei Logovi’i
Pago Pago, AMERICAN SAMOA — During each of their sessions last Friday, both the Senate and House approved in second reading their respective versions of the American Samoa Government’s fiscal year 2019 budget totaling $439.58 million, with no changes made. The budget goes through third and final...
    Dear Editor, The proposed legislation by the administration to increase the Retirement Fund's local investment cap from 17.5% to 35% is extremely dangerous and will definitely lead to bankrupting the funds. There are numerous misleading statements and misinformation about the proposed...

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