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Retirement Fund

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...
Acting CEO Falaovaoto Sualevai (left) and board chairman, Sen. Fai’ivae Iuli Godinet
Pago Pago, AMERICAN SAMOA — American Samoa TeleCommunication Authority’s proposed fiscal year 2019 budget of more than $43 million in revenue includes over $18 million from the ASG Employees Retirement Fund that the authority has requested, but is not yet approved, according to information revealed...
Pago Pago, AMERICAN SAMOA — The Lolo Administration is taking a closer look at the current ASG Employees Retirement Fund policy and has requested all ASG entities to provide a report, which lists employees who have been employed by ASG for 30 years or more. “In our ongoing efforts to explore...