American Samoa Employees' Retirement Fund
Pago Pago, AMERICAN SAMOA — While the American Samoa Government's growing debt to the American Samoa Government Employees Retirement Fund has sparked criticism from some members of the public, government officials point out that the obligation stems from ASG's responsibility to match employee...
Pago Pago, AMERICAN SAMOA — As of December 31, 2022 the American Samoa Government Employees Retirement Fund (ASGERF) noted three consecutive quarters of negative returns for both stocks and bonds, before capital markets rebounded on signs of reduced inflationary pressures and a tempered pace of...
Pago Pago, AMERICAN SAMOA — The House approved last Thursday an Administration bill, which increases member contribution and provides a profit allocation from the American Samoa TeleCommunications Authority (ASTCA) to the ASG Employees’ Retirement Fund (ASGERF).
The measure, which was introduced...
Pago Pago, AMERICAN SAMOA — Executive director of the American Samoa Employees' Retirement Fund (ASGERF) I'aulualo Faafetai Talia told Samoa News earlier this week that the Fund's board members have refused to accept an "Extinguishment Agreement" that calls for the termination of the Dec. 8, 2017...