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Larry Sanitoa

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,...
    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...