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Retirement Fund

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...